Sunoco Logistics Partners Acquires 55.3% Interest In Mid-Valley Pipeline

Philadelphia, PA – Crude pipeline and facilities owner, Sunoco Logistics Partners L.P. has completed the previously announced acquisition of a 100% interest in Sun Pipe Line Company of Delaware LLC, the owner of a 55.3% equity interest in Mid-Valley Pipeline Company for $65M. The Partnership expects to receive annual dividends from its ownership interest of approximately $6.5M.

Mid-Valley owns a 994-mile pipeline which originates in Longview, TX and terminates in Samaria, MI, and has operating capacity of 238,000 barrels per day and 4.2M barrels of shell storage capacity, according to Sunoco Logistics. The Partnership continues to be the operator of the Mid-Valley pipeline.

SOURCE: Sunoco Logistics Partners L.P.