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
The Hydrocarbon Engineering Podcast - Overcoming downstream challenges with new technology
In this episode of the Hydrocarbon Engineering Podcast, Omar Sayeed, Centre of Excellence Leader for Reliability, and Rahul Negi, Director of AI and Industrial Autonomous, Honeywell Process Solutions, consider how new, innovative technology can help to overcome some of the challenges facing the downstream oil and gas sector.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
