Located 1,100 miles (1,800 kilometres) southeast of Miami, Florida, St Eustatius is one of five islands that constitute the Netherlands Antilles. The tiny island, of just 8.1 square miles (21 square kilometres), is home to slightly more than 3,000 residents and a giant oil storage and transshipment facility known as Statia Terminals.
Owned and operated by NuStar Energy, which is based in San Antonio, Texas, the Statia Terminals are one of the largest oil storage and shipping operations in the Caribbean, having the capacity for 11.3 million barrels.
Located conveniently close to the continental United States, South America and the Panama Canal, the Statia Terminals serve as a hub for tankers transporting oil from South America and the Middle East to the United States.
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Vincent Li is an associate attorney at law with Diaz Reus & Targ.
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