BP’s aviation business at the Luis Muñoz Marín International Airport in San Juan has been sold to Puma Energy.
It is hoped that the sale will be complete by the middle of 2015. The airport in Puerto Rico serves more than four million passengers a year.
Puma Energy, a midstream and downstream energy company, serves more than 45 airports around the world with airport and into-plane operations, which conform to Joint Inspection Group and International Air Transport Association standards.
Rodrigo Zavala, CEO for Puma Energy Americas, says: ‘This acquisition will allow us to provide secure supply of fuel for Puerto Rico’s aviation needs, and is further demonstration of our long-term commitment to the Island. It will also allow us to widen supply options across the Caribbean and Americas.
‘The Caribbean market faces a reliance on aviation imports after the shutdown of several refineries, and we believe this asset strengthens and diversifies our position as Puerto Rico’s largest independent fuel retailer.’
Puerto Rico is the regional hub for Puma Energy’s Americas business. The refurbished Puma Energy Bayamon Storage terminal has a capacity of 517,000 m3.