Peninsula Petroleum announced the start of the initial stage of a new physical operation in Los Angeles / Long Beach. The operation will consist of a strategic storage facility as well as a dedicated barge fleet and is expected to become fully active by January 2018.
Peninsula chose Los Angeles / Long Beach as its next expansion area because it is considered a very important operations hub for a lot of operators.
In particular, physical capability in Los Angeles / Long Beach strengthens a regionally integrated supply solution on the Pacific Coast connecting with the long established and successful Panama operation.
The operation will be managed by an experienced team headquartered in Houston.
John Bassadone, CEO of Peninsula stated: “Entry into Los Angeles / Long Beach is yet another step towards executing our strategic plan for expansion of our physical supply network.”