Description

NuStar Energy L.P. is a company primarily involved in the infrastructure and logistics of petroleum products, focusing on their terminalling, storage, and distribution both within the United States and internationally. The firm also handles the transportation of petroleum products and anhydrous ammonia. Its operations are structured across three distinct divisions: Pipeline: This segment is dedicated to conveying refined fuels, crude oil, and anhydrous ammonia. Storage: Through this division, NuStar manages terminal and storage facilities that offer a variety of services. These include warehousing and handling for diverse liquids such as petroleum products, crude oil, specialized chemicals, and renewable fuels. Additionally, the segment provides comprehensive marine support services, encompassing pilotage, tug assistance, line handling, launch services, and emergency response for vessels. Fuels Marketing: This segment focuses on activities like bunkering in the Gulf Coast region, blending operations, and acquiring petroleum products for subsequent resale. As of December 31, 2021, NuStar's extensive infrastructure included: 3,205 miles of refined product pipelines and 2,230 miles of crude oil pipelines spanning Texas, Oklahoma, Kansas, Colorado, and New Mexico. A substantial 2,050-mile refined product pipeline connecting southern Kansas to Jamestown, North Dakota. Another 450-mile refined product pipeline extending from Marathon Petroleum Corporation's refinery in Mandan, North Dakota, to Minneapolis, Minnesota. A 2,000-mile pipeline specifically engineered for anhydrous ammonia. 29 terminal and storage facilities, collectively boasting an approximate storage capacity of 44.2 million barrels. Established in 1999, NuStar Energy L.P. maintains its corporate headquarters in San Antonio, Texas.