Green Touch Builders | New Houston energy company buys major oil terminal from Phillips 66
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February 9, 2015 By SEO Admin

New Houston energy company buys major oil terminal from Phillips 66

Phillips 66 (NYSE: PSX) has sold a major petroleum terminal to a new Houston energy company founded last year by the Warburg Pincus LLC private equity firm.

Houston-based Zenith Energy, a liquids and bulk terminaling company, acquired the Bantry Bay Oil Terminal in West Cork, Ireland. The terminal holds close to one-third of Ireland’s strategic reserve.

The companies would not disclose the terms of the transaction.

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The terminal, located…