Agility, Tristar JV buys Shell Guam facility.Byline: Alexandria, Virginia Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,284. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, DC. Agility Defense & Government Services (DGS) and Tristar Transport have announced an agreement to buy Shell Guam's Agat Fuel Facilities. The bulk-fuel storage and distribution facilities will be operated by Tristar Terminals Guam, a joint venture owned by Agility DGS and Tristar Transport, said a statement. The purchase includes 25 bulk-fuel storage tanks with a combined capacity of roughly four million barrels; five miles of pipeline; and receipt-and-issue facilities. Terms were not disclosed. The acquisition is expected to take up to several months to complete because of administrative and permit requirements. Upon completion of the deal, the joint venture will take possession of the facilities from Shell and begin operating the fuel terminal in Agat, Guam Agat is a village on the island of Guam, an unincorporated territory of the United States. It is located south of Apra Harbor on the island's western shore. The village is governed by an elected mayor and council. . Tristar Terminals Guam plans general repairs and refurbishment of the 237-acre facility. Tristar Transport is a global leader in the transportation of bulk and packed petroleum products, moving more than one million tons of cargo each year. Tristar is headquartered in Dubai and has sizable operations in the Middle East, Africa and Asia. "The acquisition of the Shell Guam facilities strengthens the Agility-Tristar joint venture and our ability to provide fuel logistics support to defense customers," said Dan Mongeon, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Agility DGS. "The additional capacity also allows us to offer bulk-fuel storage and terminal services to commercial customers in the Pacific." Eugene Mayne, CEO of Tristar Transport, said: "This move fits with the company's vision to be a fully integrated global liquid logistics company. Tristar will be looking to leverage this facility to expand its portfolio of wet-stock supply chain solutions to its targeted customers." A separate joint venture led by Agility DGS holds contracts to operate and maintain aviation and ground bulk-fuel storage facilities at four US Air Force installations in Asia and three in Europe. The installations are at Andersen Air Force Base Andersen Air Force Base (IATA: UAM, ICAO: PGUA, FAA LID: UAM) is a United States Air Force base on the northern end of the island of Guam, largely within the village of Yigo but also stretching into Dededo. , Guam; Kadena Air Base “Kadena” redirects here. For other uses, see Kadena (disambiguation). Kadena Air Base is a United States Air Force base located in the towns of Kadena and Chatan and the city of Okinawa, in Okinawa Prefecture, Japan. Kadena Air Base is the hub of U.S. , Okinawa, Japan; Misawa Air Base Misawa Air Base (三沢飛行場 Misawa Hikōjō , Misawa City, Japan; Osan Air Base Osan Air Base (K-55), is a United States Air Force facility located 4.7 mi SW of Osan-Ni, 40 mi S of Seoul, South Korea. The base is the home of the Pacific Air Forces 51st Fighter Wing, and a number of tenant units, including the headquarters for Seventh Air Force. , South Korea; Ramstein Air Base, Germany; Lajes Field, Azores, Portugal; and Incirlik Air Base The Incirlik Air Base (Turkish: İncirlik Hava Üssü), an important air base in NATO's Southern Region, is located in İncirlik, 12 km east of Adana, Turkey's fifth largest city, and 56 km from the Mediterranean Sea ( , Turkey. -- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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