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NuStar Energy's St. Eustatius Terminal Set to Reopen after 30-Day Closure

Oil

US independent liquid and pipeline operator NuStar Energy L.P. this week began reopening its 13.03M barrel Statia Oil Terminal on the Caribbean island of St. Eustatius, Reuters reports. The terminal was closed one month ago due to Hurricane Irma, and plans of reopening were later interrupted by another hurricane, Maria, which caused disruptions in the Caribbean oil trade and devastated islands in the region, including Puerto Rico which is still struggling to recover. The terminal is crucial for Latin American crude storage and blending, particularly for Venezuelan state-run oil and natural gas company PDVSA, and also stores West African crude and loads VLCCs transporting shipments to US refineries. NuStar's senior vice president Danny Oliver said earlier today that one of the terminal's loading stations was already opened up yesterday.