NuStar expands into Turkey

摘要

NuStar Energy last month closed a deal to set up a joint venture with two Turkish companies, giving it majority ownership and operational control of two petroleum terminals in Turkey. NuStar is paying some $54m for a 75 per cent share in the venture. The two terminals involved are both in Mersin. S-Oil has brought its 20-tank, 606,000-bbl (96,350 m3) gasoil and distillates terminal to the joint venture. Also included is the 740,000-bbl (117,700 m3) oil products terminal opened in the port by Aves in August 2010.