02.13.08, 2:24 AM ET
First Reserve, a private equity company specialising in the energy industry, has agreed to acquire the terminal from Petroleos de Venezuela SA in a deal expected to be completed early in the second quarter, subject to regulatory approval.
The terminal will be named Vopak Terminal Bahamas and will be operated as an integral part of the Vopak global network, the Dutch oil and gas storage company said.
Financial details were not disclosed.
