Subject to regulatory and other approvals, Puma Energy, which is 48.7% owned by Trafigura, hopes to complete the sale by the middle of 2015.

Puma Energy will assume operatorship of the site at the Luis Munoz Marin International Airport in San Juan, which services over 4 million passengers per year.

Puma Energy has long-established supply partnerships with commercial and general aviation customers, including some of the world’s leading airlines.

Existing Puma Energy Aviation customers include Aeromexico, AirFrance, Air Namibia, Avianca, Delta Air Lines, EgyptAir, Ethiopian, JetBlue Airways, KLM, Lufthansa, Qatar, Spirit Airlines, Thomas Cook, United Airlines, the U.S. Army, American Airlines, British Airways, DHL, Emirates, Kenya Airways, LAN, Oman Air, South African Airways, Swiss, Turkish Airlines, Qantas, Etihad, Air Niugini, Air Force One and Air Force Two.

Puma Energy already serves over 45 airports around the world with airport and into-plane operations, which conform to Joint Inspection Group (JIG) and International Air Transport Association (IATA) standards. Puma Energy is also a fuel group strategic partner of IATA.

“This acquisition will allow us to provide secure supply of fuel for Puerto Rico’s aviation needs, and is further demonstration of our long-term commitment to the Island. It will also allow us to widen supply options across the Caribbean and Americas” said Rodrigo Zavala, chief operating officer for Puma Energy Americas.

Puma Energy’s global head of aviation, Diego Lamarche, said the decision to acquire BP’s aviation business in Puerto Rico comes at an important time for the regional fuel industry.

“The Caribbean market faces a reliance on aviation imports after the shutdown of several refineries, and we believe this asset strengthens and diversifies our position as Puerto Rico’s largest independent fuel retailer,” Lamarche said.

The acquisition will complement Puma Energy’s existing aviation business. The acquired Puerto Rico business supplies Jet A, as per international quality standard.

Puerto Rico is the regional hub for Puma Energy’s Americas business, and home to a network of 350 retail sites and 175 employees. The refurbished Puma Energy Bayamon Storage terminal now has a capacity of 517,000 m³.

Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide in 45 countries.

The company directly manages over 7,500 employees. Headquartered in Singapore, it has regional hubs in Johannesburg, South Africa; San Juan, Puerto Rico; Brisbane, Australia; and Tallinn, Estonia.

Puma Energy’s core activities in the midstream sector include the supply, storage and transportation of petroleum products.

Puma Energy has a global network of over 2,000 retail service stations. Puma Energy also provides a robust platform for independent entrepreneurs to develop their businesses, by providing a viable alternative to traditional market supply sources, the company says.

Puma is continuing its rapid expansion across the globe, it says. So far in 2015, Puma Energy had opened a new offshore fueling facility in Angola and entered the Colombian retail gasoline market after acquiring 100% shares of Save Combustibles, SAS, which includes all of its assets, sales and distribution facilities in Colombia.

In March, Puma Energy bought the Australian bitumen assets from BP and a shuttered oil refinery at Milford Haven in Wales from Murco.