November 24, 2017

Puma Energy opens new terminals in Mozambique

Puma Energy, the global mid and downstream energy company operating in 46 countries across five continents, has opened two Terminals in Mozambique, the company reports in a press release.

The new Matola Bitumen and Fuel Terminals bring Puma Energy’s total capacity in Mozambique to 275,500m³ – the company’s second largest storage capacity in Africa.

“Puma Energy links local demand with international supply, through investment in infrastructure investment,” explains Christophe Zyde, Chief Operating Officer for Puma Energy Africa. “Mozambique is a very promising market in Africa today. We have confidence in the country’s long-term commercial opportunities as well as the country’s strategic location to answer the supply requirements of Southern Africa.”

The new Puma Energy Fuel Terminals boast 11 new storage tanks which have been 12 months in the making, using more than 25,000 tonnes of steel. World-class expertise went into their construction.

Sophonie Babo, General Manager for Puma Energy Mozambique, states: “Together with our storage terminals in Beira and Bitumen in Matola completed in May 2012 and June 2014 respectively, the strategic significance of our new 115,000m³ Fuel Terminal reaches well beyond our borders. The Bitumen terminal means that Mozambique is no longer dependent on imports from neighbouring countries and the Fuel Terminal creates a channel for the cost-effective and secure supply of fuel to the Southern African Development Community (SADC) sub-region.”

As the new operations get under way, Puma Energy will employ over 77 qualified Mozambican workers. The massive investments that these state-of-the-art terminals have required are a clear indication of the company’s commitment to the sustainable growth of Mozambique.

“Puma Energy’s focus is on integrated midstream and downstream operations which means we can achieve significant economies of scale and operating efficiencies. For Puma Energy’s customers this translates into competitive costs, managed risk, secured supply and seamless delivery,” says Babo.

Puma Energy is a global integrated midstream and downstream oil company active in over 45 countries. Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development. The company directly manages over 7,650 employees. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia).

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