VTTI owns and operates a network of petroleum product terminals with a gross combined capacity of nearly 6 million cubic metres, with 11 terminals, worldwide.

Mr Ian Taylor, President and CEO of Vitol, said “We are pleased to have completed this transaction, following the signing of the Sales and Purchase agreement in Kuala Lumpur on May 17th this year.

In partnership with MISC and facilitated by the euros 500 million facility that we signed today with a consortium of banks, we can now proceed with our ambitious growth plans for VTTI. Our aim is to create one of the world’s leading storage and terminal companies, with facilities located in key markets and at major shipping crossroads.”