Prax Terminals was created in order to acquire strategic downstream storage assets for the Group. It owns and successfully operates oil terminals. The Group has made substantial investments in these assets and their systems to enhance productivity.
The acquisition of further strategic storage assets is a pivotal component of the Group’s strategy. Such acquisitions will provide the Group with the power to maximise market movements, exploit arbitrage opportunities and will provide synergies between the trading and downstream divisions. These factors differentiate the Group from a simple trading organisation.