Global Partners Eyes Texas Expansion Next Month
11.04.2011 - NEWS

November 2, 2011 [OPIS] - Waltham, Massachusetts based Global Partners LP will be wholesaling gasoline and distillate in Texas next month, sources confirm. The expansion is the latest in a series of quiet moves that have seen the regional northeast supplier begin to offer transportation fuels in selected southeastern and midwest locations.


Executives are clearly looking to establish a broader footprint for unbranded and merchant sales, even though the firm’s asset base is concentrated in middle Atlantic and New England states.
Sources say that rack gasoline and distillate should be available in Houston, Pasadena, and San Antonio, Texas at some point in early December. There is no word yet on terminals where Global will pursue those sales via exchanges or throughputs, but the company has been looking for a Texas sales rep to sign up rack customers. It is also searching for a coordinator of the expanded sales that would work out of its Waltham, Massachusetts headquarters.
Supply shouldn’t be a problem, OPIS is told. The company purchases fuel from most major and independent refiners, and is one of the largest ExxonMobil customers.     
In recent months, Global has initiated rack sales in South Carolina, Ohio, and Tennessee and is looking at other potential locations for expansion, sources say.
Mergers & acquisitions specialists say that Global has eyed terminals outside of its core northeastern markets for some time, but it has yet to pull the trigger on a deal. Establishing some legacy marketing in additional locations could help the effort to find assets around which to sell products. 
The company says that interested customers can contact the sales department at 1-800-685-7222.

Equinor Announces the Highest Natural Gas Production Ever from a Norwegian Field
01.16.2025 - NEWS
January 16, 2025 [Storage Terminals Magazine]- In a historic achievement, the Troll field in the ... Read More
PTTGC Starts First Sustainable Jet Fuel Production in Thailand
01.16.2025 - NEWS
January 16, 2025 [Reuters]- Thailand’s PTT Global Chemical said on Wednesday it has starte... Read More
Iraq and BP to Sign Kirkuk Oil and Gas Deal by First Week of Feb, Oil Minister Says
01.16.2025 - NEWS
January 16, 2025 [Reuters]- Iraq and British oil major BP will sign a mammoth deal covering four... Read More
South Korea Considering Buying More US Oil and Gas, Industry Minister Says
01.16.2025 - NEWS
January 16, 2025 [Reuters]- South Korea is interested in importing more U.S. oil and gas to diver... Read More