ROMANIA: The Salameh family buys the Octogon LPG terminal in the port of Constanța
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The acquisition by Nawaf Salameh Family Office of the Octogon Gas & Logistics terminal contributes to strengthening Romania’s national security and the country’s strategic interests, according to a press release from the Salameh family, which, among other things, controls the largest producer of spirits in Romania , Alexandrion Group.
“Nawaf Salameh Family Office takes a major strategic step by acquiring the Octogon Gas & Logistics Terminal in Constanța Port, underlining the group’s commitment to diversified investments, including energy initiatives. This acquisition marks a crucial moment in Dr. Nawaf Salameh’s vision for the future, having significant implications for Romania’s energy and national security and for strengthening the strategic relations between Romania and the United States of America, in the commercial field and in other spheres”, the press release states .
The Octogon terminal was developed and operated by the businessman from Constanta, Corneliu Idu.
Nawaf Salameh, founder and president of Nawaf Salameh Family Office, explained that the acquisition of Octogon Gas & Logistics “represents more than a strategic investment in the energy sector. It is proof of our commitment to advance Romania’s energy security and sustainability objectives. By integrating the Octogon Gas & Logistics Terminal into our portfolio alongside our green energy projects, we are laying the foundations for a more diversified and therefore sustainable and secure, as well as more environmentally responsible, energy infrastructure.”
The acquisition of the Octogon Gas & Logistics Terminal aligns with Nawaf Salameh Family Office’s expansion into green energy.
Salameh says that the acquisition of the Octogon Gas & Logistics Terminal “is just the beginning. We see our investment here as part of the modernization process of the city of Constanța as a whole, to which we add the attention to detail and quality that define all operations in our portfolio.”
“The Octogon Gas & Logistics terminal is one of the essential elements of the country’s energy infrastructure. By ensuring a stable and reliable supply of LPG, it will contribute to protecting Romania’s energy independence and resilience against external disruptions caused by market fluctuations or even hostile foreign actors,” the statement added.
Salameh talks about “the honor and trust given to the Nawaf Salameh Family Office by the Government of Romania, which reviewed in detail the national security implications at the highest levels of the state, associated with this approval process.” “We are honored by the approval of the Government of Romania and the recognition that the acquisition of Octogon Gas & Logistics strengthens the energy security of our country.”
Salameh also points out that the purchase “is a catalyst for strengthening the vital strategic ties between Romania and the United States of America in the commercial field – essential for any bilateral relationship and a complement to the expanding security ties, in general”
“The energy sector serves as a crucial bridge between the two nations, with important implications for Romania’s security and prosperity in the future. By investing in key energy assets, such as the Octogon Gas & Logistics Terminal, Nawaf Salameh Family Office seeks to strengthen Romania’s position as a reliable partner on the global energy market, while strengthening bilateral relations and the alliance with the United States of America,” the statement says of the press.
Nawaf Salameh Family Office, founded by Dr. Nawaf Salameh, is an investment firm known for its strategic investments in various sectors including real estate, hospitality, agriculture, green energy and now other types of energy. Nawaf Salameh Family Office also owns Alexandrion Group, leader in the spirits and sparkling wine markets in Romania.
