A deal where a series of UK assets, including three inland terminals, were acquired by Puma Energy has been completed.
The company said in a statement that it obtained all the relevant government and HMRC licenses as well as the support of the Welsh Government Assembly.
As previously reported, the acquisition from Murco Petroleum Limited includes the Milford Haven oil refinery in Wales as well as three inland terminals at Westerleigh, Theale and Bedworth, as well as Murco’s wholesale and distribution business.
The midstream and downstream energy company says that the deal will continue its focused strategy on connecting supply from international markets to local distribution demand.
Milford Haven is a sea-faced facility, located in Pembrokeshire, west Wales and is one of the largest terminals currently readily available in north western Europe.
The company adds: ‘Its strategic location will play a key role in ensuring a secure supply of oil products in the UK and Ireland, enabling large import volumes.
‘The acquisition is a significant strategic entry into the UK for the supply of the full range of fuel products.’