The Nawaf Salameh Family Office takes a major, strategic leap forward with the acquisition of the Octogon Gas & Logistics Terminal in the Port of Constanța, underlining the Office’s commitment to diversified investments including energy initiatives. This acquisition marks a pivotal moment in Dr. Nawaf Salameh’s vision for the future, with far-reaching implications for Romania’s energy and indeed national security, and for strengthening strategic relations between Romania and the United States commercially and in other realms.
Dr. Nawaf Salameh, Founder and Chairman of the Nawaf Salameh Family Office, explained that the Octogon Gas & Logistics acquisition “represents more than just a strategic investment in the energy sector. It is a testament to our commitment to advancing Romania’s energy security and sustainability goals. By integrating the Octogon Gas & Logistics Terminal into our portfolio alongside our green energy projects, we are laying the foundation for an energy infrastructure that is more multifaceted, and therefore more sustainable and secure, as well as more environmentally responsible.”
The acquisition of the Octogon Gas & Logistics Terminal aligns with the Family Office’s expansion into green energy as a vital part of a broader strategic vision for energy security, sustainable development, and environmental stewardship. By diversifying its portfolio, the Nawaf Salameh Family Office is contributing to Romania’s energy landscape while supporting the country’s policy priority of a more diversified, sustainable and secure energy future.
In Dr. Salameh’s view, the Octogon Gas & Logistics Terminal acquisition “is only the beginning. We foresee our investment here as part of the process of upgrading Constanța as a whole. We are bringing to this the attention to detail and quality that characterizes all our operations across our portfolio.”
The Octogon Gas & Logistics Terminal serves as a critical component of the country’s energy infrastructure. By ensuring a stable and reliable supply of LPG, it will help safeguard Romania’s energy independence and resilience against external disruptions caused by market fluctuations or indeed hostile foreign actors.
In particular, Dr. Salameh also emphasized the honor and trust bestowed upon the Family Office by the Romanian Government, which thoroughly reviewed the related national security implications at the highest levels of the state as part of the approval process. “We are honored by the Romanian Government’s approval, and by its recognition that our acquisition of the Octogon Gas & Logistics facility enhances our country’s energy security.”
Dr. Salameh also notes that the acquisition “is a catalyst for cementing vital strategic ties between Romania and the United States in the commercial realm—the life blood of any bilateral relationship and a complement to burgeoning security ties more generally. The energy sector serves as a crucial bridge between the two nations, with important ramifications for Romania’s security and prosperity going forward. By investing in key energy assets like Octogon Gas & Logistics Terminal, the Nawaf Salameh Family Office seeks to bolster Romania’s position as a reliable partner in the global energy market while also strengthening bilateral relations and alliance with the United States.”