Hess Terminal In St. Lucia Sold

CASTRIES, St. Lucia CMC – The St. Lucia Government said, on Tuesday, that it has now received confirmation that the Hess Terminal at Cul de Sac has been sold.

According to a Government statement, the confirmation came in a telephone conversation from President of the Hess Corporation, John Hess, to Prime Minister, Kenny D. Anthony.

“Mr. Hess advised the Prime Minister that the terminal at Cul de Sac along with terminals on the U.S. East coast was sold to Buckeye Partners L.P. and explained that Hess Oil had decided to concentrate on exploration and move away from the terminal business,” the statement noted.

Prime Minister Anthony thanked the Hess Corporation for its contribution to the development of St. Lucia saying the people will never forget the kindness of Leon Hess and his enormous contribution to education in St. Lucia.

“Mr. Leon Hess was not just an investor. He was a friend of the people of Saint Lucia, an extraordinary and rare humanitarian. He will live in the hearts and minds of the people of St Lucia for a long time to come.”

In turn, Hess thanked the Government and people for their friendship and support over the years. He said that the Hess Corporation will always remain a friend of the people of St. Lucia and stands ready to assist the island in whatever way it can.

The Government announcement said that the representatives of the new owners, Buckeye Partners L.P., are expected to pay a courtesy call on the Prime Minister within the next few weeks.
The East Coast and St. Lucia Terminals were sold for U.S. $850 million dollars.