Trafigura and Meroil create a three way partnership firm.
Trafigura, a market chief within the international commodities business, has accomplished the acquisition of fifty % of the shares in Meroil Tank S.L. (“Meroil Tank”) from the oil operator Meroil S.A., for an undisclosed sum. This follows receipt of the relevant regulatory approvals.
Meroil Tank will now function as a 50:50 three way partnership firm with belongings that embody 356K m³ of refined oil merchandise storage infrastructure throughout the port of Barcelona. The corporate will proceed to serve its present in addition to future clients to retailer refined oil merchandise together with gasoil, gasoline and jet gasoline, in addition to biofuels.
Jamie Torrance, World Head of Distillates for Trafigura, mentioned:
We’re delighted to affix forces with Meroil, a outstanding logistics supplier and wholesale gasoline operator in Barcelona.
“The asset is integral for the import of refined merchandise and biofuels within the area; providing superior logistics and suppleness to our present and future buyer base. We sit up for working with the Meroil workforce on the additional improvement of the terminal’s logistics, whereas staying attentive to the market’s evolution in the direction of low-carbon fuels.”
José Luís Porté, President of Meroil, mentioned:
We recognize the chance to work with a world-leading firm within the oil buying and selling sector; this collaboration will considerably improve the event of our enterprise in Spain.
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Trafigura and Meroil create a three way partnership firm. supply
