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Magellan Midstream Partners, L. P. , through its subsidiaries, is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company's segments include Refined Products and Crude Oil. The Refined Products segment includes approximately 9,800-mile refined petroleum products pipeline system with 54 terminals and two marine storage terminals (one of which is owned through a joint venture).
The Refined Products segment consists of its refined products pipeline system and two marine terminals including Galena Park marine and Pasadena marine terminal are located along the Houston Ship Channel. The Crude Oil segment includes approximately 2,200 miles of crude oil pipelines, a condensate splitter and 39 million barrels of aggregate storage capacity, of which approximately 29 million barrels are used for contract storage. Magellan GP, LLC, a wholly owned Delaware limited liability company, serves as the Company's general partner. .