Magellan (Magellan Pipeline)
Magellan Midstream Partners, L. P. (“MMP”) is a publicly traded partnership which primarily transports, stores and distributes refined petroleum products and crude oil. It currently has more than 1,300 employees working in 23 states. Its assets include 83 petroleum products terminals, more than 9,000 miles of refined products pipeline, 800 miles of crude oil pipeline and a 1,100-mile ammonia pipeline system.
Magellan Midstream Partners, L. P. is traded on the New York Stock Exchange under the ticker symbol MMP. Magellan Pipeline Company is a wholly-owned subsidiary of MMP which owns and operates the nation’s longest pipeline for the transportation of refined petroleum products. The more than 9000-mile pipeline, which crosses 14 states and extends from the Gulf Coast throughout the middle part of the United States, can access more than 40 percent of the refinery capacity in the continental U. S.
Under E.O. 13337 the Secretary of State is designated and empowered to receive all applications for Presidential Permits for the construction, connection, operation, or maintenance at the borders of the United States, of facilities for the exportation or importation of liquid petroleum, petroleum products, or other fuels (except natural gas) to or from a foreign country. The Department of State is circulating this application to concerned federal agencies for comment. The Department of State has the responsibility to determine whether issuance of a new or amended Presidential Permit in light of Magellan’s acquisition of the pipeline facilities would be in the U.S. national interest.