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Puma Energy hits record sales volume in 2017

LONDON, March 16 (Reuters) -

* Puma Energy hit a record sales volume last year, up 4 percent to 22.8 million cubic meters, versus 21.9 million cubic meters in 2016, the company said its in annual results

* Turnover was over $15 billion and capital expenditure was nearly halved to $298 million from $561 million in 2016

* Puma increased its storage capacity to 8.3 million cubic meters from 7.9 million cubic meters

* During the last year, the firm expanded into Pakistan by buying a stake in a fuel retail network and started operations at eight new airports including at Johannesburg in South Africa

* Puma is the midstream and downstream arm of major commodities trader Trafigura and operates in 49 countries

* Trafigura holds a 49.6 percent stake. Puma's other major shareholders are Angolan firm Cochan Holdings and Angola's state oil firm Sonangol

* Trafigura has been discussing an initial public offering for Puma for several years

* In 2017, Trafigura's CFO Christophe Salmon said Puma was not yet ready for an immediate IPO but one would likely take place within the next five years (Reporting by Julia Payne Editing by Mark Potter)