NuStar Energy closes on Inter Terminals sale
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
NuStar Energy L.P. has announced that it has closed on the sale of its European terminals and related assets to Inter Terminals Ltd, which is Inter Pipeline Ltd’s European storage subsidiary, for US$270 million, plus normal closing adjustments.
The operations include six liquids storage terminals in the UK and one facility in Amsterdam.
NuStar will use proceeds from the transaction to pay down debt and fund the growth of its core operations.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/04122018/nustar-energy-closes-on-inter-terminals-sale/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
Zeopore’s semi-industrial facility fulfilling first customer orders
The recently commissioned facility is fulfilling its first customer orders of high-performance zeolites for multiple catalytic applications.
