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2015 December 28   18:18

Transneft gets antitrust regulator's nod to purchase 50% stake in Novorossiysk Fuel Oil Terminal

The Federal Antimonopoly Service has approved a share-purchase deal of Black Sea Trunk Pipelines (subsidiary of Transneft) that intends to buy 50% of shares in "Novorossiysk Fuel Oil Terminal", the agency said.

LLC Novorossiysk Fuel Oil Terminal is owned 50/50 by NCSP Group and Gunvor. The terminal territory is ​​7.9 hectares with tank farm storage capacity 82,000 cbm (5 tanks) and two-lane loading/unloading rack.

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