Trafigura completes 20% sale of Puma Energy to Sonangol
Tuesday, Jan 15, 2013
Trafigura Beheer B.V (“Trafigura”), one of the world’s largest independent commodity traders, has completed the sale of a 20% stake of subsidiary Puma Energy to Sonangol, the national oil company of Angola for an undisclosed sum.
Puma Energy is a global midstream and downstream oil company managing over 5,000 people in over 30 countries worldwide.
The agreement announced 29th September 2011, is an important first step in Puma Energy’s strategy to open up its capital to strategic and public investors alike.
Source: Trafigura Beheer B.V
To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today
Other Oil & Gas News
- Kuwait Oil Company Programme Management Contract
- Sapphire Energy and Phillips 66 to advance commercialization of Algae Crude Oil
- Dominion to deliver additional volumes of natural gas from West Virginia to Ohio interconnection points
- CONSOL Energy provides latest Marcellus Shale well results acquires nearly 90,000 acres with Marcellus Shale and Upper Devonian potential