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Valero Energy Partners LP
9 Months Ended
Sep. 30, 2013
Related Party Transactions [Abstract]  
VALERO ENERGY PARTNERS LP
14. VALERO ENERGY PARTNERS LP

On September 19, 2013, Valero Energy Partners LP (VLP), our wholly owned subsidiary, filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with a proposed initial public offering of its common units representing limited partner interests. On October 28, 2013, VLP filed an amendment to the Form S-1. The number of common units to be offered and the price per unit have not yet been determined.

We formed VLP to own, operate, develop, and acquire crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. We intend to contribute assets to VLP that will include crude oil and refined petroleum products pipeline and terminal systems in the U.S. Gulf Coast and U.S. Mid-Continent regions that are integral to the operations of our Port Arthur, McKee, and Memphis Refineries.

As of the date of this report, the registration statement is not effective. The completion of the offering is subject to numerous conditions, including market conditions, and we can provide no assurance that it will be successfully completed. The information contained in this report is neither an offer to sell nor a solicitation of an offer to buy any of VLP’s common units in the initial public offering.