Your Portal for Key Energy Information and Research

Frontline and Golden Ocean Group Invest in Bunkering Joint Venture with Trafigura

By Criterion Research
August 13, 2019 -

Frontline and Golden Ocean Group entered into a non-binding term sheet agreement with Trafigura Group to establish a marine fuels joint venture ("JV"). Frontline and Golden Ocean will acquire 15% and 10% interests in the JV, respectively and Trafigura will contribute its existing physical bunkering activities to the JV. Subject to agreement on final terms, the JV is expected to commence operations in 3Q19 and will act as the exclusive purchaser of marine fuels for Trafigura, Frontline and Golden Ocean.


... View Original Article ...

Categories
Oil and Gas
Downstream

Commodities
Refined Products

Tags
Joint Venture

Countries
United States

Related News

Frontline and Golden... (subscriber access)

Trafigura Begins... (subscriber access)

Asian LNG Cargoes Trade... (subscriber access)

Plains All American... (subscriber access)

Pakistan Grants NG Marketing License to Trafigura

Pakistani regulators have issued Trafigura a license to sell natural gas and re-gasified LNG to...

Multiple LNG Suppliers... (subscriber access)

Plains All American to... (subscriber access)

NuStar Bringing Online... (subscriber access)

IEnova Acquires 51%... (subscriber access)

IEnova Acquired 51%... (subscriber access)