Prax Petroleum’s Parent Acquires the Jarrow fuels terminal from Shell
State Oil announced today that its subsidiary, Prax Terminals, has successfully completed the acquisition of the Jarrow fuels terminal from Shell; the terminal is located near Newcastle Upon Tyne. The 40,000 cbm terminal will store diesel, gasoil, kerosene, gasoline and aviation fuel.
State Oil’s managing director Sanjeev Kumar said: “This acquisition represents the group’s continuing aspiration to procure further strategic storage assets in the U.K. and globally. These acquisitions will provide the group with the power to maximise market movements, to exploit arbitrage opportunities and will provide synergies between the wholesale and trading arms of the group. Ultimately, it will differentiate the group from a simple and singular oil trading business and is another milestone in the group’s resolute ambition to become a leading and dominant global oil business supported by a portfolio of storage assets.”
Headquartered in Weybridge UK and with a trading offices in Zug Switzerland, Houston, Texas and Singapore the State Oil group is a leading independent trading, storage, distribution and retail conglomerate dealing in petroleum products and biofuels.
telephone 01932 843354
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
PA-WESTINGHOUSE-ELECTRIC21.6.2018 22:26 | pressemeddelelse
First Westinghouse AP1000® Nuclear Plant Sanmen 1 Completes Initial Criticality
PA-WESTINGHOUSE-ELECTRIC21.6.2018 22:09 | pressemeddelelse
Westinghouse Loads Fuel in Second AP1000® Nuclear Power Plant
PHARNEXT21.6.2018 20:25 | pressemeddelelse
Pharnext to Announce Top-Line Results from the Pivotal Phase 3 Trial of PXT3003 for the Treatment of Charcot-Marie-Tooth Type 1A Disease by October 2018
PHILIP-MORRIS-INTERNATIO21.6.2018 20:15 | pressemeddelelse
Philip Morris International Makes Call to Creative, Media and Communications Communities
IBC21.6.2018 18:32 | pressemeddelelse
IBC2018 Announces Cyber Security Forum to Help Media Tackle Cyber Threats
MENSIA-TECHNOLOGIES21.6.2018 18:25 | pressemeddelelse
Mensia Technologies Raises 1,3 Million Euro to Introduce Koala Neurofeedback as a Revolutionary Medical Device in Europe
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum