St. Eustatius and NuStar Energy L.P.

NuStar’s existing terminal on St. Eustatius (67 tanks)

St. Eustatius, locally known as Statia, is a Dutch Caribbean island, close to St. Maarten and St. Kitts. The island has an area of approximately 21 square km (or 8.1 square miles). According to the Central Bureau of Statistics in Curacao the population is recorded at 2886 inhabitants (2010). Although not widely recognized, the island has a tremendous rich history. During the 18th century, it was the main transshipment point in the Western hemisphere. For tourism purposes, St. Eustatius is marketed as “The Historical Gem”. Since 1982, an oil terminal is operational on the island.

NuStar Energy L.P. is the second largest oil terminal operator in the United States of America. NuStar is a listed company on the New York Stock Exchange, and recently entered the Fortune 500 list (annual ranking of America’s largest corporations). NuStar holds 65 terminal and storage facilities around the world, and acquired Statia Terminal in 2005. Measured by storage capacity, the terminal on St. Eustatius is by far the largest of all (13 million barrels). Statia’s storage capacity alone is just as big as 25% of all 55 NuStar’s terminals in the United States (50.6 barrels). Source: NuStar Annual Report 2010