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Sinopec to lease oil terminal in US Virgin Islands

It will lease 10m barrels of the St Croix facility's initial 13m-barrel capacity

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Published Wed, Dec 2, 2015 · 09:50 PM

    Houston

    IN a world awash in oil, Asia's biggest oil refiner just locked down more places to store it.

    China Petroleum & Chemical Corp, known as Sinopec, agreed to be the anchor customer at an oil terminal in the US Virgin Islands to be refurbished by an affiliate of ArcLight Capital Partners LLC and Freepoint Commodities LLC.

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