Friday 11 November 2016

Puma Energy buys BP fuel storage site

Puma Energy buys BP fuel storage site

Puma Energy has bought a bulk storage fuel terminal in Northern Ireland from BP.

The deal brings Puma Energy's global network to a total storage volume of 7.9 million cubic metres across 100 facilities. It will ensure a high quality, reliable supply of fuel to Northern Ireland.

A variety of fuels including gasoline and aviation fuel will be stored at the Belfast Terminal, which has facilities to dock both fuel trucks and oil tanker vessels. It also has 20 bulk fuel storage tanks with a working capacity of around 143,000 cubic metres.

The 53-acre site is located between George Best Belfast City Airport and Belfast Harbour. It was initially opened as a refinery in 1964 and converted to a terminal in 1982.

The deal follows the 2015 purchase of the 1.4 million cubic metre Milford Haven Terminal, strengthening the company's position within European markets.

Puma Energy's CEO Pierre Eladari said: "This deal marks an additional milestone in the growth of our business, further supporting Puma Energy's position as one of the largest independent, integrated midstream and downstream companies operating today."

Written by

Bruna Pinhoni

Trending Articles