Blueknight announces transformational $162 million sale of crude oil business

Tulsa, okla.--(business wire)--blueknight energy partners, l.p. (“blueknight” or the “partnership”) (nasdaq: bkep and bkepp) announced today that it has entered into multiple definitive agreements to sell its crude oil terminalling, pipeline, and trucking business segments for approximately $162 million in total cash consideration, including estimated crude oil linefill and inventory. net proceeds, after transaction costs, will be used initially to reduce borrowings outstanding under the partne
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