Trafigura buys downstream oil assets in Argentina
LONDON (Reuters) — Commodities trader Trafigura said it has agreed to buy an oil refinery, more than 250 service stations, a lubricants plant and fuel storage terminal in Argentina from Pampa Energia SA.
The sale is expected to close in early 2018, Trafigura said in a statement. Trafigura already has a retail presence in the country as well as a fluvial fleet and the Campana terminal in Argentina that delivers refined products to Bolivia and Paraguay.
The transaction is worth $90 MM, Pampa Energia said in a statement. The service stations will be branded Puma Energy, which is Trafigura’s downstream arm.
The Ricardo Elicabe refinery has a 30,500-bpd capacity and is located in Buenos Aires Province
Reporting by Julia Payne; editing by Jason Neely
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