Mabanaft has expanded its storage footprint into Denmark by acquiring 100% of Oiltanking’s terminal in the capital, Copenhagen.
Under Mabanaft’s ownership, the terminal will continue to handle liquid fuels for road transport and the marine and aviation industries.
‘Oiltanking has been operating in Copenhagen for over 50 years and we are proud of the contribution we have made to the energy supply chain in the region. We thank our employees and customers for their support during our tenure,’ says Bas Verkooijen, CEO of Oiltanking GmbH. “We are delighted to have reached an agreement with our affiliate company Mabanaft and are glad to see that the terminal and its loyal and dedicated team continue their journey as part of the existing terminal network within the Mabanaft Group.’
The terminal has a storage capacity of 461,652 m3 and is strategically located at Prøvestenen island in the city of Copenhagen.
‘This terminal adds another key location to our network and will enable us to expand our footprint in Europe and help us provide high-quality liquid fuel products to our customers in the region, while maintaining the highest safety and environmental standards,’ says Mabanaft CEO, Jon Perkins.
The sale has received all required third-party approvals and was completed effective 30 June 2023.
