Approved Oil Secures Long-Term Fuel Terminal Lease with Sunoco in New York City

Approved Oil has reached a long-term agreement with Sunoco to utilize a fuel terminal facility in New York City. The contract secures supply and storage capacity for the company through the 2040s.

This strategic partnership provides Approved Oil with consistent access to fuel infrastructure, a critical requirement for distribution operations in the New York metropolitan area. By locking in terminal access for the next two decades, the company aims to stabilize its supply chain and mitigate risks associated with fluctuating regional fuel availability.

The deal reflects a broader trend among regional energy distributors to formalize long-term infrastructure commitments to offset urban land constraints. With this lease, Approved Oil reinforces its logistics network to support ongoing fuel demand within the city's market.