June 13, 2013 [OPIS] - Motiva Enterprises is negotiating to sell its oil products storage and rack terminals at Bridgeport, Conn., to Sprague, marketers in New England told OPIS on Wednesday.
This is in line with Motiva’s plan to sell some non-strategic terminal assets on the East Coast, including the one in Bridgeport. OPIS reported in 2011 that Motiva had offered three terminals on the East Coast, including a Brooklyn terminal and one in Springfield, Va.
The Springfield terminal was sold to Kinder Morgan late 2011, and the Brooklyn terminal was sold to Arc Terminals LP in March 2013.
It is unclear when the Bridgeport terminal deal could be finalized.
A Shell spokeswoman declined to comment on the Bridgeport terminal sale when contacted by OPIS on Wednesday. Motiva is a joint venture between Shell and Saudi Refining.
The Bridgeport terminal has a total capacity of about 1.5 million bbl for storing gasoline, diesel, naphtha, petroleum coke and asphalt.
Four 12-inch pipelines extend from the wharf to 13 steel storage tanks located at the 1.28-million-bbl capacity terminal on Eagles Nest Road, east of Johnsons
Creek.
At the 192,000-bbl-capacity Harborview Terminals Inc. in Bridgeport, one 12-inch pipeline extends from the wharf to two asphalt storage tanks at the foot of Seaview Avenue.
