A private investment company Prostar Capital became the owner of 90% of the shares of SOCAR’s oil terminal Aurora Fujairah Terminal FZC, the SWFI Internet portal (the leading provider of data and research on various investment funds in the world) writes.
Recall that the State Oil Company of Azerbaijan, the Swiss-based Aurora Progress trading house and the administration of Fujairah (UAE) in May 2010 agreed to build an oil terminal of 20 tanks for transshipment of gasoline, naphtha, middle distillates and other petroleum products in the region.
The terminal was put into operation in 2012. Its capacity is 350 thousand cubic meters in total.
Prostar Capital in 2013 bought 18.6% in this terminal, and in August 2015 increased its share to 40%.
To date, the company has obtained control over this object.
Prostar Capital is a private investment firm established in 2012 for investments in energy facilities in the Asia-Pacific region.
The company invests in operational projects and assets aimed at collecting, storing, processing, transporting and distributing various types of fuel.
The company’s main offices are located in Sydney, Hong Kong and Greenwich (USA, Connecticut).
