Prostar to acquire oil storage terminal facility for about $250 millionChristian Fernsby ▼ | May 15, 2019
Prostar Capital announced that it has signed a definitive agreement to acquire 100% of an oil storage terminal facility on Saint Eustatius from NuStar Energy.
Acquisition The purchase price is approximately $250 million, subject to conditions
The Saint Eustatius Terminal consists of 60 commercial tanks and associated deep water jetties and pipelines, with a total storage capacity of 2.3 million cubic meters.
It is conveniently located in the Caribbean region to serve key trading countries. ■