Aquarius Energy to acquire Oiltanking’s stake in OTMS

Aquarius Energy is pleased to announce its intention to acquire Oiltanking’s 37 percent stake in Oiltanking MOGS Saldanha (OTMS). OTMS is a state of the art 10 million barrel storage and blending facility in South Africa.

Gary Kalmin, CEO of Aquarius Energy, said: ” We are excited to be investing into the South African energy market. Aquarius will bring its global capabilities to work with our partners and local management for the long-term success of OTMS.”

The deal is expected to close in Q1 2025.

For more information visit www.aquariusenergy.com