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The Boston Globe

Business

Global Partners and Phillips 66 sign long-term crude oil contract

Global Partners LP, a Waltham company that owns, controls, or has access to a large terminal network of refined petroleum and renewable fuels products, said Tuesday that it has signed a five-year contract with Phillips 66 to deliver crude oil from North Dakota to a Phillips 66 refinery in New Jersey.

Global said it will use its rail transloading, logistics, and transportation system to deliver about 91 million barrels of crude oil to the Phillips 66 refinery in Bayway, N.J., over the life of the contract; that equates to approximately 50,000 barrels per day.

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