other material
confidence medium
sentiment negative
materiality 0.50
Blue Dolphin subsidiary's crude supply and storage agreements terminated by Tartan effective Dec 31, 2023
BLUE DOLPHIN ENERGY CO
- Tartan Oil LLC provided 60-day notice to terminate Crude Supply Agreement and Terminal Services Agreement on November 2, 2023.
- Terminations are effective December 31, 2023; no penalties incurred.
- Agreements covered crude storage at Blue Dolphin's Nixon facility via subsidiary Nixon Product Storage.
- Prior agreements dated May 2019 and June 2019; assigned from Pilot Travel Centers to Tartan in March 2020.