One-Page Deal Sheet
BP to Sell North Sea Liquids Storage Terminal
Zenith Energy BP Plc
Announced Date
February 02,2016
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Zenith Energy has signed an agreement to acquire a liquids storage terminal facility in Amsterdam from BP plc. Zenith expects to take ownership of the terminal by the end of Q1 2016, following a transition process. Terms of the transaction were not disclosed.
The terminal assets are strategically located on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, which represents the largest concentration of refining capacity in Europe and one of the largest refined product trading hubs in the world. The facility has storage capacity of more than six million barrels for…