Black Rock Crude Partners, LLC made numerous strategic business moves in order to solidify a more robust supply source as well as ensuring this new supply had viable exits that are
committed to Black Rock and the products provided. As a result Black Rock was approved to do business with Enterprise. Enterprise is the largest exporter of crude products in the United States
selling 38% of all exports originated in the US. They have the ability to supply that is second to none and have brought forward positions that allow Black Rock to make a substantial margin as a reseller.
Beyond the pricing and consistency of supply, the logistical benefits they provide in the USGC are very attractive to the companies that we sell to. With this new opportunity, Black Rock was able to make
our positions with our exits firm. These include companies such as BB Energy, Texcon Trading, Count Energy, Elinoil, Hellenic Refinery, Vitol, ZenRock, MegaSource, and others.
Perhaps one of the most important pieces that made all of this possible was the implementation of our bilateral credit facility with Bank of America. BofA has committed to backing Black Rock and extending the
credit and trade finance needed to facilitate our transactions. They also act on behalf of Black Rock as a vetting arm and require all of the selling and buying parties to pass credit and counter register prior
to engaging in business. This ensures all parties of any transaction have the capabilities and finances to conclude the presented transaction(s).