Vitol, Blueknight to build oil terminal

Vitol Midstream, LLC, a member of the Vitol Group (Vitol) and Blueknight Energy Partners, L.P. (BKEP) have entered into agreements for the construction and operation of a new crude oil terminal in Midland, Texas. Vitol Midstream has acquired 90 acres in Midland County where it will build a new storage terminal and unloading stations for trucks. The Vitol Midstream site will be linked to the major crude oil terminals in Midland by pipeline. Vitol Midstream has attained pipeline connectivity agreements with Centurion Pipeline L.P. and Enterprise Crude Pipeline LLC, allowing the company to expand along with market demands. The initial construction phase will consist of 1,000,000 barrels of crude oil storage with six truck unloading stations. BKEP will coordinate and supervise the engineering and construction stages of the design for Vitol Midstream. Both companies have also entered into an agreement for BKEP to operate and maintain the new facility and all connecting pipelines.

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