The confirmation came in a telephone conversation from John Hess, president of the Hess Corporation, to Prime Minister Dr Kenny Anthony, the OPM said in a statement today.
Hess advised the prime minister that the terminal at Cul de Sac, along with terminals on the U.S. East coast, were sold to Buckeye Partners L.P.
Hess explained that Hess Oil has decided to concentrate on exploration and move away from the terminal business.
Dr Anthony thanked the Hess Corporation for its contribution to the development of Saint Lucia. He told Hess that the people of Saint Lucia will never forget the kindness of his father, Leon Hess, and his enormous contribution to education in Saint 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 Saint Lucia for a long time to come,” Dr Anthony said.
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 Saint Lucia and stands ready to assist the island in whatever way it can.
Meanwhile, 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 Saint Lucia Terminals are reported to have been sold for U.S. $850 million.