logo

You are currently viewing: News

Back

17-09-2018

CVR refining announces intent to sell Cushing tank farm assets

CVR Refining, LP, a refiner and marketer of petroleum fuels, today announced that it intends to sell its Cushing, Oklahoma, crude oil tank farm and currently is entertaining bids from potential purchasers. The 1.5-million-barrel crude oil storage facility sits on approximately 130 acres and includes six storage tanks, each with the capacity to hold 250,000 barrels of crude oil. The property has sufficient acreage for approximately 12 additional tanks of similar size. The assets for sale include a truck unloading facility with one Lease Automatic Custody Transfer unit and four 400-barrel tanks.

CVR Refining’s Cushing tank farm provides ample connectivity to other Cushing terminals and pipelines. Located in central Oklahoma, Cushing is a major trading hub for crude oil and the delivery point for West Texas Intermediate crude oil, which is traded on the New York Mercantile Exchange.

Sponsor:

News Category:

Other News Items

  • Responsive image Ejector Systems
  • Responsive image Chemical Treatments
  • Responsive image FCC Refining Catalysts
  • Responsive image Top Performer in Portable Fuel Analysis
  • Responsive image FCC catalyst solutions
  • Responsive image Better analyses. Better decisions.
  • Responsive image Solve the Industrial Data Problem
  • Responsive image Smart solutions for valves and valve automation
  • Responsive image Level and density in FCC processes
  • Responsive image 6 - 8 May 2025,
    Dubai, UAE
SPONSORS