Mabanaft’s sister company acquires terminal

Mabanaft fuel wholesaler takes over Bominflot -
Oiltanking, a subsidiary of Marquard & Bahls which also includes Mabanaft, has entered into an agreement to acquire the Helios terminal in Singapore.
Subject to regulatory approvals, the company will also acquire, the terminal’s holding company Chemoil.
The purpose-built Helios terminal has a total capacity of 503,000 cbm and was commissioned in 2008. Oiltanking already operates two terminals in Singapore with a combined storage capacity of more than 1.7million cbm.