ExxonMobil sells Newburgh petro tank

A Massachusetts energy firm is acquiring an oil terminal in Newburgh from ExxonMobil Oil Corp., along with facilities in Albany and Burlington, Vt.
Waltham, Mass.-based Global Partners L.P. did not immediately specify how much it paid for the three stations, but said it would finance the deal in part by selling $50 million in securities.
ExxonMobil will continue using the terminals, which have a combined storage capacity of 1.3 million barrels of petroleum. The Newburgh facility can store 400,000 barrels of fuel, and can be supplied by truck or barge.