NuStar Receives Lease Approval from Port of Corpus Christi

Company Developing Plans For Another Private Marine Loading Dock

New Dock Would Provide NuStar With Access To Four Loading Docks, Including Two Private Docks

SAN ANTONIO--(BUSINESS WIRE)-- The Port of Corpus Christi today approved a lease for NuStar Energy L.P. (NYSE: NS), which would give NuStar the space to develop another private marine loading dock at its North Beach Terminal in Corpus Christi, Texas. NuStar is developing plans for the new dock and hopes it will be completed in the second quarter of 2017. It will be designed to load Suezmax-class vessels (which carry approximately one million barrels) at rates up to 30,000 barrels per hour and the ability to expand to 50,000 barrels per hour.

Some of the features expected as a part of this project include a new pile-supported dock, a state-of-the-art metering system, vapor control system, and a dock structure with three loading arms.

With this new dock, NuStar would have access to four loading docks in the Port of Corpus Christi, including two private docks, and would be able to load crude oil onto ships simultaneously on all four docks at a maximum rate of 90,000 barrels per hour.

“The addition of this new dock further expands our premiere position in the highly desirable Corpus Christi ship channel and is an important part of our ongoing commitment to provide our customers with more options to move barrels of Eagle Ford crude oil,” said NuStar President and CEO Brad Barron.

About NuStar Energy L.P.

NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has 8,651 miles of pipeline and 80 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 93 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom. For more information, visit NuStar Energy L.P.'s Web site at www.nustarenergy.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150721006593/en/

NuStar Energy, L.P., San Antonio
Investors, Chris Russell, Treasurer and Vice President Investor Relations
Investor Relations: 210-918-3507
[email protected]
or
Media, Chris Cho, 210-918-3953
[email protected]
Web site: http://www.nustarenergy.com

Source: NuStar Energy L.P.

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