Shell has made a multi-year commitment to remain a key customer at the terminal. The terminal, located in Yabucoa, Puerto Rico, includes 44 storage tanks with approximately 4.6 million barrels of gasoline, jet fuel, diesel, fuel oil, and crude storage capacity.
This acquisition brings Buckeye‘s total system-wide storage capacity to over 30 million barrels.
Buckeye’s general partner chairman and CEO Forrest Wylie said that as Buckeye’s first acquisition outside the continental US, this transaction represents an important step in Buckeye’s growth objectives that provides geographic diversity with strong local demand and potential regional growth opportunities.
Buckeye is a publicly traded partnership that owns and operates an independent refined petroleum products pipeline systems in the US.
