MEDIA RELEASE PR36396
Mercuria Energy Acquires Oil Terminal in Port of Antwerp
LONDON, Oct. 3 /PRNewswire-AsiaNet/ --
Mercuria Energy Asset Management B.V., the holding company managing the fixed assets of the Mercuria
Energy Group, is pleased to announce a successful acquisition of Nafta (B) N.V., a company operating a 830
thousand cubic meter storage terminal for petroleum products in the Port of Antwerp.
The terminal can be used to store a wide range of products from crude oil and gas condensates to Fuel Oil,
middle distillates, light ends and chemicals. Products are imported by barge and seagoing vessels of up to 100
thousand metric tons, and exported via sea, rail, road and pipeline. The terminal can be further expanded by an
additional 300 to 400 thousand cubic meters of storage capacity.
Mercuria is currently the largest user of the terminal and regards it as a strategic asset which can be developed
into a major trading hub in the important Amsterdam-Rotterdam-Antwerp range. The acquisition will allow Mercuria
to benefit from certain economies of scale and synergies with its other terminals.
Mercuria is fully committed to a significant long-term investment program which will upgrade the terminal to the
latest standards with regard to safety, health and the environment and which is further aimed at improving the
operational efficiency and service offered to its customers.
SOURCE: Mercuria Energy Group Ltd
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