Jefferson Energy, Aramco Trading Americas Execute Agreement for Bi-Directional Flow on Jefferson Southern Star Pipeline; Will Provide Access from Marketlink Pipeline to Jefferson Energy's ...
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FTAI Infrastructure Inc. (FIP)
Company Research
Source: Yahoo! Finance
subsidiary in its Jefferson Terminal segment (“Jefferson Energy”) has executed a multi-year terminal services agreement with Aramco Trading Americas LLC. The agreement includes the future receipt of new crude oil volumes at Jefferson Energy's Main Terminal in Beaumont, Texas by the addition of bi-directional flow capability to the 14-mile, 24” Jefferson Southern Star Pipeline, currently in service for movements of crude oil from Jefferson Energy's Main Terminal to the Motiva Port Neches Terminal. The newly bi-directional Jefferson Southern Star Pipeline, with 400,000 bbl/day of capacity, will be directly connected to the Motiva-TC Energy Port Neches Link, opening up Jefferson Energy's Main Terminal to crude oil volumes from the TC Energy Marketlink Pipeline System, a 750,000 bbl/day crude oil pipeline from Cushing, OK to the U.S. Gulf Coast. Jefferson Energy's Main Terminal is a 6.2 MMbbl storage terminal and multi-modal transloading facility situated on a 250-acre site on the Neche
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News
- FTAI Infrastructure Inc. (NASDAQ: FIP) is now covered by analysts at JMP Securities. They set a "market outperform" rating and a $11.00 price target on the stock.MarketBeat
- FTAI Infrastructure Inc. (NASDAQ:FIP) is a favorite amongst institutional investors who own 66% [Yahoo! Finance]Yahoo! Finance
- Aramco Trading partners FTAI Infrastructure to enhance oil supply to Texas terminal [Yahoo! Finance]Yahoo! Finance
- Jefferson Energy, Aramco Trading Americas Execute Agreement for Bi-Directional Flow on Jefferson Southern Star Pipeline; Will Provide Access from Marketlink Pipeline to Jefferson Energy’s Beaumont TerminalGlobeNewswire
- FTAI Infrastructure Inc. (NASDAQ: FIP) had its price target raised by analysts at BTIG Research from $10.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
FIP
Sec Filings
- 6/20/24 - Form 8-K
- 6/7/24 - Form SC
- 6/3/24 - Form 4
- FIP's page on the SEC website