Global Partners, a US wholesale distributor of petroleum, distillates and residual oil, has completed its acquisition of two refined products terminals on Long Island, New York, from ExxonMobil Oil.
The terminals will increase Global's total storage capacity to approximately 8.8 million barrels. ExxonMobil has entered into long-term throughput contracts with Global to use each of the terminals.
'By acquiring these assets we have greatly expanded our share of the Metropolitan New York refined products storage market,' Eric Slifka, president and CEO of Global Partners, says. 'Following our announcement earlier this week of a 474,000 barrel expansion in Providence, the addition of these Long Island terminals further enhances our leadership position in the northeast.'
The properties acquired by Global from ExxonMobil: Terminal Capacity Products
Inwood, New York 326,000 barrels Products distributed from this terminal include petroleum, ultra low sulphur diesel and heating oil. Supplied by barge and the Buckeye pipeline system.
Glenwood Landing, New York 104,000 barrels Products distributed from this terminal include petroleum, ultra low sulphur diesel and heating oil. Supplied by barge.