Blue Dolphin Expands Nixon Facility
Tuesday, December 29, 2015
December 29, 2015 [OPIS] - Blue Dolphin Energy Company, an independent refiner and marketer of refined petroleum products in the Eagle Ford Shale, announced earlier this month the closing of an additional $10.0 million loan facility.
Blue Dolphin owns a 15,000-b/d topping facility in Nixon, Texas.
Lazarus Refining & Marketing LLC, a wholly owned subsidiary of Blue Dolphin, closed earlier this month on a $10.0 million term loan with Sovereign Bank, a Texas state bank. The loan is guaranteed under the Business & Industry
Guaranteed Loan Program administered by the U.S. Department of Agriculture Rural Development Program. Read More