EXTENSION LETTER AGREEMENT

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                                                                    EXHIBIT 10.9

                                                                  EXECUTION COPY

LINK ENERGY LIMITED PARTNERSHIP

P.O. BOX 4666

Houston, Taxes 77210-466

www.linkenergy.com

                               February 24, 2004

Standard Chartered Trade Services Corporation

One Madison Avenue

New York, NY 10010-3603

         Re:       Extensions

Gentlemen:

         Link Energy Limited Partnership ("Link") hereby notifies Standard

Chartered Trade Services Corporation ("SCTSC") of its intent to extend the

following agreements:

         1.        Second Amended and Restated Commodities Repurchase Agreement,

dated as of February 11, 2003 (as amended, supplemented, restated or otherwise

modified from time to time, the "Crude Oil Purchase Agreement"); and

         2.        Second Amended and Restated Receivables Purchase Agreement,

dated as of February 11, 2003 (as amended, supplemented, restated or otherwise

modified from time to time, the "Receivables Purchase Agreement").

         The Crude