US based NuStar Energy has completed its acquisition of certain refining and terminal assets of AGE Refining in Texas, US, for $41m.

Under the agreement, the company acquired AGE Refining’s 14,500 barrel-per-day refinery in San Antonio, Texas and a 200,000 barrels terminal in Elmendorf, Texas from the refiner’s Chapter 11 Bankruptcy trustee.

The company said that the AGE refinery is a low-cost 14,500 barrel per day refinery based on the South Side of San Antonio, which has been operating near capacity since the 9 March completion of a seven-bay truck loading rack.

The refinery purchases and processes crude oils and condensates from across south Texas, including the rapidly developing Eagle Ford Shale.

According to the company, it produces and sells various products, including jet fuels, ultra-low sulfur diesel (ULSD), naphtha, reformates, liquefied petroleum gas (LPG), specialty solvents and other highly specialized fuels, to commercial and retail customers and the US military.