Zenith sells Cork and Dutch oil terminals for €170m

Most recent accounts filed by Zenith Energy Bantry Bay Terminal Ltd show the firm earned revenues of €20.8m in 2022, delivering a €1.3m profit.

The Whiddy terminal in Bantry Bay was first developed by Gulf Oil in the late 1960s and was acquired by Zenith in 2015. Picture: Dennis Scannell

Canadian company Zenith Energy has completed the sale of the Whiddy Oil Terminal in West Cork to Dallas company Sunoco in a deal worth €170m that includes the acquisition of an oil terminal in Amsterdam.

Sunoco said it has acquired 100% of the equity interest in Zenith Energy Netherlands Amsterdam BV and its subsidiary Zenith Energy Bantry Bay Terminal Ltd.