Fujairah investor adds $35 million to GTI Statia oil storage in Caribbean

Prostar Capital, which owns 40% of the UAE’s Fujairah Oil Terminal at the Port of Fujairah, is investing $35 million in GTI Statia storage company in the Caribbean as a recovery in customer demand and product flows is taking hold after years of “challenging market conditions.” A total of $85 million including from cash flow will be invested in GTI…