Hess (HES) hires Goldman Sachs to explore the possible sale of its oil storage and shipment...

|About: Hess Corporation (HES)|By:, SA News Editor

Hess (HES) hires Goldman Sachs to explore the possible sale of its oil storage and shipment terminal in St. Lucia in the Caribbean. Hess says it explored all available options to keep the refinery operating, but severe financial losses resulted in closure, adding that losses at the refinery have totaled $1.3B in the past three years alone and were expected to continue.