Nustar Energy (NS.N) announced Friday it will purchase AGE Refining's 14,500 barrel-per-day refinery in San Antonio, Texas and a 200,000 barrels terminal in Elmendorf, Texas from the refiner's Chapter 11 Bankruptcy trustee for $41 million. Nustar expects to close the deal on April 19. The refinery will process light sweet crude from the Eagle Ford shale, as well as other crude oils and condensates from South Texas, and is fitted with a truck loading rack that was completed in early March. "The light crude oil that is coming out of the Eagle Ford Shale is well-suited to the refinery and it is in our backyard so our transportation costs are low," said Curt Anastasio, Nustar's president and CEO in a statement.
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