Aquarius Energy has successfully completed its acquisition of Oiltanking’s 37 percent stake in Oiltanking MOGS Saldanha, marking a significant expansion of the company’s operations in the African market. Following the completion of the transaction, the facility has been rebranded as Aquarius MOGS Saldanha (AQMS).
The acquired asset comprises a state-of-the-art crude oil storage and blending facility with a capacity of 10 million barrels, strategically located in Saldanha Bay on South Africa’s West Coast. The facility’s location positions it as a key infrastructure asset for oil trading and logistics operations in the region, providing crucial storage capabilities for crude oil handling and blending activities.
Aquarius Energy operates as an independently managed joint venture between Tristar and Glencore, representing the consolidation of what was historically Glencore’s global network of oil storage and logistics facilities situated in key trading hubs worldwide. The company has established itself as a global leader in bulk liquid storage and distribution, with operations spanning across the Americas, Europe, Africa, and the Middle East.
The acquisition of the South African facility aligns with Aquarius Energy’s strategy to strengthen its presence in strategic locations that serve as critical nodes in global energy supply chains. Saldanha Bay’s position on the West Coast of South Africa makes it particularly valuable for vessels transiting between Atlantic and Indian Ocean routes, as well as for serving regional energy markets.
Gary Kalmin, CEO of Aquarius Energy, expressed enthusiasm about the completed investment, emphasising the company’s commitment to the South African market. He highlighted the company’s intention to leverage its global expertise while working collaboratively with partners, customers, and local management to ensure the long-term success of the renamed AQMS facility.
The transaction represents Aquarius Energy’s continued expansion strategy, building on its established network of storage facilities across multiple continents. The company’s global footprint and operational expertise position it to provide comprehensive storage and logistics solutions to energy traders, producers, and distributors operating in international markets.
The successful completion of this acquisition demonstrates Aquarius Energy’s ability to execute strategic transactions while maintaining operational continuity at critical infrastructure facilities. The company’s approach of working closely with existing partners and local management teams reflects its commitment to preserving institutional knowledge and maintaining strong relationships within local markets.
With the integration of the Saldanha Bay facility into its portfolio, Aquarius Energy strengthens its position as a significant player in the global energy storage and logistics sector, while expanding its capabilities to serve customers operating in the growing African energy market.
For more information visit www.aquariusenergy.com
