December 19, 2024 [Aquarius Energy]- Aquarius Energy is pleased to announce its intention to acquire Oiltanking’s 37% 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.

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