JSW Infrastructure through its subsidiary JSW Terminal (Middle East) FZE, has successfully completed the acquisition of Marine Oil Terminal Corp (MROTC) for an Enterprise Value of $187mn from the Mercuria Group.

Marine Oil Terminal Corp operates a liquid storage terminal with a capacity of 4,65,000 cbm and situated at Fujairah Oil Industry Zone (FOIZ) in Fujairah.

JSW Infrastructure has a vision to diversify its cargo base and expand its capacity in liquid & container cargo. Fujairah is the world’s 2nd largest bunkering market and the acquisition of MROTC is quite strategic for JSW Infrastructure. Considering its growth path, this liquid storage terminal at Fujairah would provide a boost in expanding our footprints in the global liquid market, and is the right step towards expanding our strategic footprint.