PDVSA to resume use of Caribbean oil terminal under NuStar deal [Reuters]
Nustar Energy L.P. Common Units (NS)
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Source: Reuters
PDVSA to resume use of Caribbean oil terminal under NuStar deal | Reuters Reuters Staff 2 Min Read HOUSTON (Reuters) - Venezuela’s PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run company to resume use of a key storage terminal in the Caribbean, the U.S. energy firm said on Monday. NuStar had suspended PDVSA several times since 2017 from using its St. Eustatius facility over millions of dollars in missed payments. The terminal played a role in a legal dispute between PDVSA and ConocoPhillips, which earlier this year tried to enforce a $2 billion arbitration award by seizing some of the Venezuelan firm’s assets in the Caribbean. “We can confirm that we have signed an agreement with PDVSA, which brings their account current,” NuStar spokesman Chris Cho said in an email. “This agreement improves the earnings outlook for our St Eustatius terminal for the remainder of 2018.” NuStar and PDVSA also signed a new contract that reduces t
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News
- Sunoco LP and NuStar Energy L.P. Announce NuStar’s Unitholder Approval of the Sunoco TransactionBusiness Wire
- NuStar Energy L.P. (NYSE: NS) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- NuStar Energy L.P. (NYSE: NS) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Kuehn Law Encourages NS, NXPL, IP, and RXMD Investors to Contact Law FirmGlobeNewswire
- Sunoco LP Announces Private Offering of Senior Notes [Yahoo! Finance]Yahoo! Finance
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- 2/15/24 - Beat
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Sec Filings
- 4/29/24 - Form 8-K
- 4/29/24 - Form 10-Q
- 4/22/24 - Form 425
- NS's page on the SEC website