May 10, 2017 [OPIS] - VTTI Energy Partners said on Tuesday that its global oil logistics capacities enjoyed close to full utilization in the first quarter of 2017, raising net income to $21.7 million from $18.1 million a year ago.
VTTI Energy Partners’ general partner is VTTI BV, which is a joint venture between Vitol and Buckeye. VTTI BV owns 12 terminals with a total capacity of 50.5 million bbl.
Operating income for the first quarter was at $32.3 million, compared with $32.7 million a year ago.
Adjusted EBITDA for the first quarter ended March 31, 2017, was $50.2 million, compared to $50.4 million for the first quarter of 2016.
VTTI Energy Partners is a fee-based limited partnership, formed to own and operate refined petroleum product and crude oil terminaling and related energy infrastructure assets on global scale. The partnership’s assets include interests in a portfolio of six terminals that are located in energy hubs throughout the world with a combined total storage capacity of 36 million bbl.
The six terminals are located in Florida, Rotterdam, Amsterdam, Antwerp, Fujairah and Johor.
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