Dubai PR Network, Online Press Release from Dubai and Middle East
 
Oil & Gas(Energy and Industry)
Filter PR by
  
BB Energy Acquires Australian Oil Terminal Pioneer Energy
 

Purchase is significant step in firm’s global expansion 

 

Dubai-UAE: 4 April, 2017 – The BB Energy Group (BB Energy) today announced that it has purchased Pioneer Energy, Morgan Stanley’s diesel terminal in Australia, via its wholly owned subsidiary Wala B Terminal Holding PTY Ltd. In line with BB Energy's ongoing global expansion, the acquisition is the company’s first in Australia.

Pioneer Energy owns the largest diesel terminal in Mackay, Queensland that comprises three storage tanks, each with a capacity of 25,000 cubic metres. It is the only fuel terminal in the Australian port city that incorporates marine loading arms for safe, efficient and fast vessel discharge at 3,600 cubic metres per hour. 

With a strong commitment to sustainability, the Mackay terminal is environmentally sound. The state-of-the-art facility boasts energy-efficient design, high level of automation, large import vessels, fast cargo discharge, optimal number of shipments, large storage capacity that reduces the need for imports, and rapid loading that cuts down on waiting and turnaround  times.  

Mohamed Bassatne, CEO of BB Energy, said: “The acquisition of the Pioneer Energy terminal in Mackay represents a strong opportunity for us to enter a new territory, where we see tremendous potential. With the ongoing recovery of the mining sector as well as our diesel sourcing and trading network in the Far East, we believe we can play a key role in the Australian market. I am delighted about this significant step, which aligns with our global growth strategy perfectly.”

As a global diesel supplier, BB Energy is well-positioned to provide technical support from its overseas offices. The company plans to open an office in Brisbane by the end of April, expanding its reach across nine countries. 

According to Australia’s Department of Industry, Innovation and Science, diesel accounts for more than half of the country’s energy consumption. Australia is the biggest importer of diesel in the Asia-Pacific region.

BB Energy is a family-owned global energy trading company founded in Lebanon in 1967. With main offices in the UAE, Lebanon, the UK, the US, Greece, Turkey, Russia, Singapore and Malaysia, BB Energy trades over 17 million tonnes of crude and petroleum products annually and has investments in storage facilities that exceed 175,000 cubic metres.

Posted by : Dubai PR Network Editorial Team
Viewed 5246 times
PR Category : Energy and Industry
Posted on : Wednesday, April 05, 2017  10:47:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : New US$1 billion SOHAR power plant is key to Port's expansio...
Next Story : ADNOC, and Masdar Sign MoUs with Saudi Aramco on Oil & Gas C...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Michael Kors Launches Capsule Kaftans and Handbags for Middle Eastern Markets [15506-Views]
Wake Up to Healthier, Hydrated Nails: Sally Hansen Launches Moisture Rehab™ Overnight Nail... [14060-Views]
Kérastase Paris launches natural and luxurious Aura Botanica line in the GCC [11291-Views]
Wellbeing Medical Centre - ULTRAFORMER III Best and latest Anti-Ageing treatments [10834-Views]
LG captivates the imagination of the MEA design community with revolutionary OLED signage [10687-Views]
Finally a Body that fits you! Cryolipolysis Fat Freeze [10291-Views]
Sandro Announces Expansion within The Middle East [9961-Views]
Performance for the passionate: Nikon D7500 is ready to exceed expectations for photograph... [9522-Views]
New York-Based Urban Artist creates masterpiece at Shoeciti in Dubai [8125-Views]
Introducing JOHNSON'S® NEW Vita-Rich range with Cocoa Butter [7552-Views]
Middle East and African beauty and personal care market to grow to US$34.5 billion by 2021... [7326-Views]
Dubai Design & Fashion Council Launches DDFC Membership to Support Sustainable Development... [7241-Views]
Volume Reveal mascara Ultra Black Collection [7168-Views]
COÉGA Sunwear Teams Up With GO Sport on Exclusive SS17 Swimwear Collection [7039-Views]
IKEA Introduces Limited Edition ‘Art Event 2017' Contemporary Drawing Collection [6893-Views]
Chloé eyewear introduces the new "Nola" sunglasses collection [6814-Views]
Doha Bank Re-ignites Qatar's Property Market with New Loan Offer at 3.99% with 12 Months P... [6594-Views]
Ulysse Nardin Marine Regattav [6344-Views]
du Football Champions awarded Gold for its successful engagement of UAE youth [6289-Views]
Win up to 30 Kilos of Gold in 18 Days at Malabar Gold & Diamonds [6240-Views]
Sheikh Khalid Al Qassimi Steers Peugeot 3008DKR to Victory [6185-Views]
New INFINITI Q60 sports coupe: designed and engineered to perform [6155-Views]
Interstuhl launches VINTAGEis5 chair in the GCC [5838-Views]
Al-Futtaim Motors launches the UAE's first hybrid truck [5667-Views]
UAE Exchange Hiring on-the-spot at Careers UAE [5545-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories