October 31, 2012 [OPIS] - The Bahamas Oil Refining Company International (BORCO) has restored power to its Caribbean petroleum storage terminal facilities following the passage of Hurricane Sandy last week but has yet to resume ship offloading, a company official said Tuesday.
BORCO’s crude terminal operations were suspended last Thursday (Oct. 25) ahead of the arrival of Sandy, the official said.
Power was restored on Sunday to its terminal facilities, but BORCO is waiting for seas to calm down before resuming offloading services, the official said. “Seas are still very rough,” said the official.
BORCO is wholly owned by Buckeye Partners. The 21.6-million-barrel storage terminal is slated for expansion in 2012, adding 1 million bbl each of clean and dirty storage capacities in the second half of 2012.
BORCO’s facilities are positioned along the Northwest Providence Channel off the southern tip of Grand Bahama Island.
In addition to storage, BORCO’s facilities also blend and transship supplies, and it handles bunker fuel oil, crude and various petroleum products.
