Deal marks 100th terminal added to global storage network
SINGAPORE, Nov. 10, 2016 /CNW/ - Puma Energy, the globally integrated midstream and downstream energy company, today announced that it has signed a purchase agreement with BP to buy its bulk storage fuel terminal in Belfast, Northern Ireland. The addition takes Puma Energy's global network of bulk storage terminals to 100, culminating in a total storage volume of 7.9 million m3 of storage capacity. This acquisition builds on the purchase of the 1.4 million m3 capacity Milford Haven Terminal in 2015, further supporting Puma Energy's growth within the European Market, and helping to ensure high quality, reliable fuels supply to Northern Ireland.
The Belfast Terminal provides storage for gasoline, distillates and aviation fuels, with road gantry loading facilities and a Jetty Berth capable of handling MR class vessels. The site comprises 20 bulk fuel storage tanks with a working capacity of ca. 143 000 m3. The 53 acre former refinery site is located between George Best Belfast City Airport and Belfast Harbour in NI. The refinery was opened in 1964 and converted to a Terminal in 1982.
Puma Energy has a wealth of experience in the construction, maintenance and operation of terminals and offshore mooring systems to the highest international standards.
Commenting on the acquisition, Puma Energy's CEO Pierre Eladari said, "This deal marks an additional milestone in the growth of our business, further supporting Puma Energy's positon as one of the largest independent, integrated midstream and downstream companies operating today."
About Puma Energy
Puma Energy International is a global integrated midstream and downstream oil company active in 47 countries. Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development. The company directly manages over 7,844 employees. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia).
Puma Energy's core activities in the midstream sector include the supply, storage and transportation of petroleum products via a network of over 100 bulk storage terminals. Puma Energy's activities are underpinned by investment in infrastructure which optimises supply chain systems, capturing value as both asset owner and marketer of product. Puma Energy's downstream activities include the distribution, retail sales and wholesale of a wide range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma Energy currently has a global network of over 2,468 retail service stations and supplies 62 airports. Puma Energy also provides a robust platform for independent entrepreneurs to develop their businesses, by providing a viable alternative to traditional market supply sources.
For further information visit: http://www.pumaenergy.com
SOURCE Puma Energy