In connection with the acquisition, Phillips 66 will enter into 10-year terminaling and throughput agreements
that will include minimum volume commitments covering approximately 85 percent of forecasted volumes.
Explorer is willing to construct this pipeline extension if, in this binding phase of the open season process, it receives sufficient support from shippers willing to sign long-term pipeline Throughput Agreements
In conjunction with the proposed transaction, the two companies expect to enter into 15-year throughput agreements
containing minimum annual revenue commitments from HollyFrontier.
RPTL is expected to generate superior cash flows on the back of high utilisation of its facilities under throughput agreements
with RIL, coupled with its strong operating efficiency and proximity to RIL's refineries in Jamnagar.
We are in the advanced stage of discussions with other producers, which are expected to result in substantial additional throughput agreements
in the future.
Our terminaling services agreements are structured as either throughput agreements
or storage agreements.
Results for the two segments reflect the integral function of these assets to NuStar's customers, earnings generation from throughput rate increases and prior year growth projects, the benefits of regulatory support, and the ongoing shift of NuStar's storage contracts to capacity lease arrangements with take-or-pay provisions from volumetric throughput agreements