On the 29th of July the sale and transfer of Statia entities from NuStar Energy L.P. to Prostar Capital closed. The oil storage terminal and the related assets have been sold for USD 250 million.

The terminal has 2.3 million cubic meters of storage capacity, 60 commercial storage tanks and associated pipelines.

VANEPS is proud to have assisted NuStar Energy L.P. in the role of local counsel in this transaction. The core team of VANEPS comprised of Tom Peeters, Diek Fabius, Brechtje Huiskes, Inge van Hees- Wolswijk and Vincent Abbing.

Please refer to NuStar Energy L.P.’s press release for details on the transaction.