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USD Partners announces second contract extension at Hardisty terminal

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Tanks and Terminals,

USD Partners LP has announced that it has entered into a four-year extension with Cenovus Energy Inc., increasing its previous position from 7% to 25% of the Hardisty terminal’s capacity.

The renewal contains consistent take-or-pay terms with minimum monthly payments and rates that exceed those of the original terminalling services agreement with the customer.

The Hardisty terminal is located in Alberta, Canada.

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