Statia Terminal.
ST EUSTATIUS--Venezuela’s state-run PDVSA and NuStar Energy LP have reached a payment agreement over outstanding storage fees at Statia terminal in St. Eustatius, the US-based oil company said on Monday.
The agreement allows PDVSA to resume use of the terminal, which had been suspended several times since 2017 over missed payments. Parties also signed a new contract that reduces the storage available to PDVSA at the facility, while securing fees for about one year’s worth of storage, the American firm added.
