Mabanaft’s sister company acquires terminal

Oiltanking, a subsidiary of Marquard & Bahls which also includes Mabanaft, has entered into an agreement to acquire the Helios terminal in Singapore.

Mabanaft fuel wholesaler takes over Bominflot -

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.