AVELLUM Advises Kernel on Acquisition of Sunflower Oil Transshipment Terminal in Reni
01.10.2024 By Tank Terminals - NEWS

January 10, 2024 [Avellum]- AVELLUM advised its longstanding client Kernel Group on transaction matters related to the acquisition of 100% of shares in Reni-Oil LLC, a sunflower oil transshipment terminal with 15 thousand tons of one-time sunflower oil storage in the Reni port, for the consideration of USD24.75 million.


The transshipment terminal is the only one with proper intake, storage, and off-loading capacities among Ukrainian Danube River ports, allowing the export of sunflower oil even in case of the blockade of the Black Sea ports.

Kernel is the world’s leading producer of sunflower oil and Ukraine’s largest exporter.

Partner Yurie Nechayev led the AVELLUM team with support from associates Oleksandr Kozhukhar and Olha Rudevych.


Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

PetroVietnam Gas to Launch LNG Trucking Business
03.04.2024 - NEWS
March 4, 2024 [LNG Prime]- PetroVietnam Gas, a unit of state-owned PetroVietnam, will this month ... Read More
Three Firms Join Forces on $3.3 Billion LNG-to-Power Project in Philippines
03.04.2024 - NEWS
March 4, 2024 [LNG Prime]- Power companies Meralco PowerGen, Aboitiz Power, and San Miguel Global... Read More
OPEC+ Members Extend Oil Output Cuts to Second Quarter
03.04.2024 - NEWS
March 4, 2024 [Reuters]- OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend ... Read More
Russia Says to Deepen Oil Output Cuts While Easing Export Limits
03.04.2024 - NEWS
March 4, 2024 [Reuters]- Russia will cut its oil output and exports by an additional 471,000 barr... Read More