Glencore-backed Aquarius Energy acquires stake in South African oil storage
Aquarius Energy has acquired a 37% stake in Oiltanking MOGS Saldanha (OTMS), Africa’s biggest oil storage site. Global petrochemical storage provider Oiltanking has agreed to sell its shares in the facility. Aquarius Energy is a JV between Glencore and Tristar Group, a UAE-based logistics...