TULSA, Okla. — Magellan Midstream Partners LP has sold nearly half of its membership interest in its Pasadena marine terminal joint venture, MVP Terminalling LLC, to an undisclosed financial buyer for $270 million. Magellan now owns approximately 25-percent of MVP Terminalling and remains the operator of the facility.

MVP Terminalling owns a refined petroleum products marine storage terminal on the Houston Ship Channel in Pasadena, Texas. The terminal currently includes over 5 million barrels of storage, two ship docks and truck loading facilities, with space to nearly double its current capacity.

For more information, visit www.magellanlp.com or call (800) 574- MMP1 [6671].