24.09.15. Marathon Pipe Line (MPL) has amended its existing storage agreement with Marathon Petroleum Company (MPC) to increase available shell capacity at MPL’s Patoka, Illinois, tank farm to 2.6 million barrels from 1.39 million barrels.
The new capacity arrangement between the two is the result of the addition of four new tanks at the Patoka facility.
Under the storage services agreement, MPC LP pays a monthly fee to store crude oil at the Patoka site. The fees are for the use of the available shell capacity regardless of whether MPC fully utilises all of its contractual capacity.
MPL will adjust monthly invoices as the additional storage becomes available for use.