SemGroup to sell fuel storage facility in UK
Energy Services Company SemGroup have announced plans to sell their plant (SemLogistics) based at Milford Haven in the UK.
SemGroup whose headquarters are in Oklahoma have spent over $50 million on the plant since 2006 in refurbishment and upgrades of the tank infrastructure.
The facility which is the largest independent fuel storage in the UK has 8.5 million barrels of commercially active storage capacity and serves markets in Europe, eastern US and Africa. Services provided include purchasing, selling, processing, transporting, terminalling and storage of products such as crude oil, natural gases, natural gas liquids, refined products and asphalt.