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Hess announced plans to sell its storage terminal network, including a facility in St.
FORBES: Marathon Oil
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In January, two people were killed by a fire at a fuel storage terminal of state-run Indian Oil Corp.
WSJ: At Least 19 Killed in Kolkata Fire in India
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Lucia oil storage terminal in the Caribbean with 10 million barrels of capacity is also being put up for sale.
WSJ: Hess to sell terminal network, close refinery
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John Catsimatidis, the New York City billionaire behind the Gristedes grocery store chain, announced on Tuesday that United Refining, which he controls, had agreed to buy a petroleum terminal with 5 million barrels of storage capacity from Phillips 66 (NYSE:PSX).
FORBES: Billionaire Catsimatidis Buys Long Island Oil Terminal From Phillips 66
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But the Treasury plans to sell it once it is no longer a storage yard for equipment being used to build the new St Pancras Channel Tunnel terminal.
ECONOMIST: New room for readers | The
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Mr. GEOFF SUNDSTROM (Spokesman, Triple-A): What's occurring at the retail level and at the fuel distribution terminal is a complete draining of their gasoline inventory, the cleaning of all the equipment and storage, and then a refilling of that storage with the new Ethanol blend fuel.
NPR: Marketplace Report: Feeling the Pain at the Pump