Lukoil sells bunker fuel terminal in Rotterdam
A trading arm of OAO LUKOIL, together with its joint venture partner Burando Maritime Services, will sell 100% of Service Terminal Rotterdam to iCON Infrastructure Partners. The transaction was entered into following two months of exclusive discussions and is expected to close at the end of April 2015.
STR is a modern, purpose built bunker fuel terminal strategically located in the Port of Rotterdam (Netherlands) with 242,000m3 storage capacity across two tank farms and a total quay length of 450 meters. The joint venture was established in 2003.
In line with the agreement and its development strategy, Litasco will remain the primary user of STR under a long-term contract.
