Equinor announced Tuesday that it had reached an agreement with Estonia's Liwathon group to sell its South Riding Point oil terminal on Grand Bahama Island in the Bahamas.
A company statement confirmed that Equinor purchased the terminal, which has a storage capacity of 6.8 million barrels, in 2009 to enable the company to trade oil primarily originating from the American market.
In September 2019, the terminal was in the direct path of Dorian, a violent category five hurricane, and sustained extensive damages, including an oil spill that affected the terminal site and a forest area north-east of the terminal.
Since then, Equinor has performed extensive clean-up operations in close collaboration with Bahamian authorities.
'The clean-up operations outside the fence were concluded in March 2021, and extensive testing of the groundwater outside the terminal has shown no sign of hydrocarbon deposits,' a company statement read.
By Gulsen Cagatay
Anadolu Agency
energy@aa.com.tr