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Prostar to acquire NuStar’s Saint Eustatius terminal
Prostar Capital, a private investment firm focused on midstream energy infrastructure assets, is to acquire 100% of an oil storage terminal facility on Saint Eustatius from NuStar Energy, at a price of $250mn.
The Saint Eustatius terminal consists of 60 commercial tanks and associated deepwater jetties and pipelines, with a total storage capacity of 2.3mn cm. It is conveniently located in the Caribbean region to serve key trading countries.