Vitol Joins with GTI Statia to Operate Marine Fuels Business
06.08.2020 By Greta Talmaci - NEWS

June 08, 2020 [Reuters] – Vitol has partnered with Prostar’s GTI Statia (GTIS) storage terminal to operate the marine fuel, or bunker, supply business at GTIS’ crude oil and refined products terminal in the Caribbean, the companies said in a statement.

“This strategic relationship allows the facility to focus on being a world-class terminal operator and will leverage our strategic vision to enhance the service, quality and value of the facility and the bunker business,” John Roller, president and chief executive officer of GTI Statia, said in the statement on Tuesday.

GTIS will continue to provide storage, services and logistics infrastructure as before at the terminal, which is located on the island of St. Eustatius, the statement said.

GTIS, one of the largest independent crude and refined product storage terminals serving the U.S. Gulf Coast and Caribbean markets, was acquired by Prostar-owned Global Terminal Investments Ltd in July 2019.

It has 60 commercial tanks with a total storage capacity of 14 million barrels and extensive marine infrastructure that can accommodate berthing of the world’s largest oil tankers.

“This transaction builds on the $100 million capital investment plan for the terminal we announced in March and demonstrates our support and commitment to GTI Statia,” Steve Bickerton, senior managing director at Prostar, said in the statement.


Click Here to Access Today a 5,100 Tank Terminal Database With a Pro Trial
5,100 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

ONGC Inks Pact with HPCL for Sale of Oil from Mumbai Offshore
09.28.2023 - NEWS
September 28, 2023 [Projects Today]- Oil and Natural Gas Corporation (ONGC) has signed an agreeme... Read More
Enagas Wraps Up Stake Purchase in Germany’s HEH
09.28.2023 - NEWS
September 28, 2023 [LNG Prime]- Spanish LNG terminal operator Enagas has closed the previously a... Read More
Qatarenergy Signs New LNG Ship- Building Agreement Valued at QR14.2 Billion with HD Hyundai Heavy Industries
09.28.2023 - NEWS
September 28, 2023 [Qatar energy]- QatarEnergy signed an agreement with Korea’s HD Hyundai Heav... Read More
Qatar Energy Announces 10-Year Naphtha Supply Agreement with Marubeni Corporation
09.28.2023 - NEWS
September 28, 2023 [Qatar Energy]- QatarEnergy has announced the signing of a long-term naphtha s... Read More