Vitol entered into an agreement to purchase a 100% interest in SemGroup Energy Partners G.P., L.L.C., and 12.6 million subordinated units of SemGroup Energy Partners, L.P. (SGLP).
The assets of SGLP include a crude oil storage terminal in Cushing, Oklahoma and associated pipeline facilities, other pipeline and gathering systems in Texas, Oklahoma, and Kansas, along with 46 asphalt terminal facilities located across 23 states in the U.S.
"We are pleased to have reached agreement for the acquisition of SemGroup Energy Partners G.P. Pending SGLP's resolution of various outstanding legal matters, this acquisition will make an important addition to our expanding business in the USA, the world's largest energy market." Mike Loya, CEO of Vitol Inc. remarked.
Vitol Subsidiary Bids For Arawak
-
Geneva, 27 October 2008: Rosco SA, a subsidiary of Vitol, has confirmed a
cash offer for Arawak Energy Limited. For further information, go to the
London S...
15 years ago
No comments:
Post a Comment