Equinor has entered into an agreement with Liwathon for the sale of the Equinor South Riding Point oil terminal at the Grand Bahama Island in the Bahamas. The South Riding Point terminal located at the Grand Bahama was commissioned in 1973 and was acquired by Equinor in 2009. The total storage capacity is 6.8 million barrels. The terminal was purchased to enable Equinor to trade oil primarily originating from the American markets. Liwathon will assume the responsibilities for the employees of South Riding Point. The transaction is approved by Bahamian authorities.Further commercial details on the transaction will not be disclosed.Liwathon Group is an integrated logistics and investment business. The company currently operates four facilities in Estonia with a storage capacity of over one million m3. The company provides an extensive range of services in the area of handling, transport and storage of liquid fuels traded globally.
Equinor has entered into an agreement with Liwathon for the sale of the Equinor South Riding Point oil terminal at the Grand Bahama Island in the Bahamas. The South Riding Point terminal located at the Grand Bahama was commissioned in 1973 and was acquired by Equinor in 2009. The total storage capacity is 6.8 million barrels. The terminal was purchased to enable Equinor to trade oil primarily originating from the American markets. Liwathon will assume the responsibilities for the employees of South Riding Point. The transaction is approved by Bahamian authorities.Further commercial details on the transaction will not be disclosed.Liwathon Group is an integrated logistics and investment business. The company currently operates four facilities in Estonia with a storage capacity of over one million m3. The company provides an extensive range of services in the area of handling, transport and storage of liquid fuels traded globally.
