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BP to Sell the Mozambique Aviation Fuel Business to Puma Energy

BP to Sell the Mozambique Aviation Fuel Business to Puma Energy

BP has reached an agreement with Puma Energies Mozambique, for the sale of all the assets of its aviation fuel business in Mozambique.

This is what was left of BP’s operations in the Mozambican market, after it divested from the fuel retail business that was sold to TotalEnergies, in 2021, the magazine o Económico reported.

Puma Energy will thus stay with the business at seven airports in the country, namely Maputo, Vilanculos, Beira, Tete, Quelimane, Nampula and Pemba, activities that include the operation of aviation fuel storage, as well as into-plane refuelling infrastructure.

Thus, the magazine said, the deal that is only awaiting a green light from the Competition Regulatory Authority, as it is a business concentration operation also includes BP’s contractual position in logistics contracts nationwide, in three storage contracts at storage terminals in Matola, Beira and Nacala and a 50% shareholding in Maputo International Airport Fuelling Services (MIAFS) Limitada, a joint venture with PETROMOC for the design and construction of an aviation fuel depot, management of a fuel storage depot and into-plane equipment, including a hydrant/fuel hydrant network at Maputo International Airport. This joint venture is limited to the storage operations at Maputo International Airport.

Zitamar

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