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Issue Contents


Volume 15, Issue 5
Published: October 2, 2019
It's all about location

The latest storage asset acquired by Prostar Capital forms an integral part of the supply chain to one of the world’s most important storage and trading hubs.
GTI Statia is well positioned along major shipping lanes serving US crude import and export markets as well as regional markets for fuel oil and refined petroleum products into the Caribbean and Latin America.
In July 2019, Prostar acquired the former NuStar Energy terminal for $250 million and rebranded its name to GTI Statia. The terminal is comprised of more than 60 commercial tanks with a storage capacity of 14 million barrels (2.3 million m3), making it one of the largest independent storage terminals in the region. GTI Statia is capable of aiding a variety of customers’ needs for different products and has extensive marine infrastructure, making it one of only a handful of terminals serving the US Gulf Coast with sufficient water draft to berth fully-laden ULCC and VLCC vessels.
In an interview with Tank Storage Magazine Steve Bickerton, co-founder and senior managing director at Prostar, says that the acquisition of GTI Statia enhances the firm’s investment strategy in capturing unique opportunities in the global energy supply chain, with the US Gulf Coast being one of the most important globally.
‘It is all about location, location, location.'

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The opportunities in diversity
Zenith Energy Management’s acquisition of Arc Logistics Partners has given the company a strong foothold in the buoyant US terminal market and offers plenty of potential to seek market diversification opportunities...
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ILTA: Legislative champions for the tank terminal sector
As the terminal industry's leading advocate in the US, the International Liquid Terminal Association (ILTA) is focused on building a strong brand in Washington as part of efforts to expand the association's advocacy efforts...
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The right place & right time
Obsessive customer focus is shaping Pin Oak Terminals’ ambitious growth projects across key storage and trading markets in Texas to ensure the company’s assets complement constantly changing market dynamics...
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A gateway to global markets
Moda Midstream is in the midst of a multi-phase expansion project to significantly expand storage capacity at its Moda Ingleside Energy Centre to grow its customer base within the US Gulf Coast...
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It's all about location
The latest storage asset acquired by Prostar Capital forms an integral part of the supply chain to one of the world’s most important storage and trading hubs...
To read this article in full, subscribe now >
A balancing act
As the US shifts from decades of being a net importer of oil and gas to a net exporter, there is great pressure on infrastructure to keep up with this new reality...
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Global trade tensions take their toll on oil markets
The oil market in the second half of 2019 was forced to ponder what in effect are some of its more imponderable aspects: namely, a softening of the oil price at a time of heightened global trade tension involving two of the world’s biggest consumers of crude oil, the US and China; and two major OPEC producers, Iran and Venezuela...
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Pushing out US light crude to global markets
US production of crude oil has soared since 2011 through the combination of horizontal drilling and hydraulic fracturing...
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