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
Axens technology selected for two new gas treatment plants in Kuwait
Axens is supplying process design packages for gas treatment at two plants located in North Kuwait, whose EPC is managed by SPETCO and Jereh, respectively.
