This excerpt taken from the MRO 10-K filed Mar 10, 2005.
4. Related Party Transactions
Related parties include:
Management believes that transactions with related parties were conducted under terms comparable to those with unrelated parties.
Related party sales to Ashland and PTC consist primarily of petroleum products. Revenues from related parties were as follows:
Purchases from related parties were as follows:
Receivables from related parties were as follows:
Payables to related parties were as follows:
MAP has a $190 million uncommitted revolving credit agreement with Ashland. Interest on borrowings is based on defined short-term borrowing rates. At December 31, 2004 and 2003, there were no borrowings against this facility. Interest paid to Ashland for borrowings under this agreement was less than $1 million for 2004, 2003 and 2002.
Cash held in escrow for future contributions to EGHoldings from GEPetrol of $66 million is classified as restricted cash and is included in investments and long-term receivables as of December 31, 2004.