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The 12 storage terminals have a capacity of 35.6 million barrels, holding both petroleum products and chemicals.
KINDER MORGAN INC., Houston, said its pipeline venture, Kinder Morgan Energy Partners, had bought four storage terminals from Royal Vopak, Houston, for $44 million.
Kinder Morgan Energy Partners agreed yesterday to buy two oil products pipelines and 12 storage terminals from the GATX Corporation for $1.15 billion in cash and assumed debt.
Russia has reached the point where it needs to build several major pipelines, ports and storage terminals to relieve the bottleneck.
Greece and Qatar signed a similar memorandum in May covering exports of liquefied natural gas to Greece and construction of gas storage terminals at Greek ports.
However, the Phillips 66 refinery in Linden, N.J., is closed, along with three regional storage terminals, and power failures may delay a return to normal operations.
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A grain storage terminal completes the portfolio.
The bridegroom's parents own Big Country Storage Terminal, a freight delivery and storage company there.
The council has helped local business recover from the local Buncefield oil storage terminal explosion in 2005.
EXXON MOBIL CORP., Irving, Tex., agreed to sell 11 gasoline stations and a storage terminal in Guam to South Pacific Petroleum Corp. of Guam for an undisclosed price.
The oil company will also include a storage terminal in St. Lucia, which can hold about 10 million barrels.
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