Trafigura Sells Texas Terminal Assets

Texas Dock and Rail Terminal, Corpus Christi, Texas
The total transaction value agreed was USD 860 million before customary post-closing adjustments. Closing of the transaction is subject to pending regulatory approval.
Trafigura AG will maintain a 20 percent interest in Trafigura Terminals LLC and retain commercial rights to use all of the assets which include; Texas Dock & Rail (deep-water, high volume marine terminal located on the Corpus Christi Ship Channel), EF90 (a condensate splitter and LPG storage complex), and Trafigura Field Services (crude gathering facilities serving the prolific Eagle Ford shale play).
This transaction demonstrates the value of our infrastructure investments in South Texas, said Trafigura AGs Jeff Kopp, Head of North America Oil Trading.
Buckeye is an ideal partner for us as they have been operating midstream assets for over 125 years and they currently operate approximately 6,000 miles of pipeline and more than 120 terminals in the US and the Caribbean.
Trafigura will continue to provide marketing and transportation solutions to the producing community and combined with our other splitter investment in Corpus Christi we believe we are well positioned to provide maximum optionality to the market in South Texas.