Shell completes sale of an oil terminal in JAFZA to Tristar Group

Shell Markets (Middle East) Limited has sold the Shell oil products storage terminal located in the Jebel Ali Free Zone (JAFZA) area of Dubai to Tristar Group, effective  July 1, 2022.

Under the terms of the agreement between the two companies, Shell will continue to supply bitumen and lubricant products plus  services to its customers from the terminal.

Azmat Jafri, Shell’s General Manager of Customer Operations in the Asia Pacific and China, said, “While this agreement enables us to focus on our core operations and products, it also allows us to continue to provide our customers high-quality bitumen and lubricants products as well as  services. It reflects our commitment to United Arab Emirates (UAE) and our customers.”

Eugene Mayne, Tristar Group’s Chief Executive Officer, said, “This agreement between Shell and Tristar is a testament to both our companies’ single-minded focus on our respective customers and our shared vision to support the UAE to reinforce its role as a global logistics hub. This strategic asset transition allows us to expand our presence in JAFZA and increases our capacity to serve our customers better; offering them a fully integrated distribution service, which is now able to provide storage and distribution of bulk bitumen and lubricants.”