(EnergyAsia, February 25, Wednesday) — Shell Guam, a unit of the Anglo Dutch major, said it is selling its four-million-barrel oil storage terminal in Agat to Tristar Terminals Guam Inc.

The sale is expected to be completed in a few months, subject to administrative and permit requirements.
While citing Guam’s “good long-term prospects”, Shell said it made the sale as part of its long-term portfolio management strategy.

Shell Guam, which started up in 1987, has owned the terminal since acquiring it from the Guam Oil and Refining Company in 1988.