The deal will see Houston-based Buckeye Partners acquiring the 80% stake in the facility located on the Corpus Christi Ship Canal.

Trafigura will maintain a 20% interest in Trafigura Terminals LLC and retain commercial rights to use all of the assets.

These include a deep-water, high volume marine terminal, a condensate splitter and LPG storage complex and three crude oil and condensate gathering facilities in the Eagle Ford shale.

Buckeye