Petróleos de Moçambique (Petromoc) has sold 20% of its shares in Maputo International Airport Fuelling Services Limitada (MIAFS) to I2A Investimentos e Participações. According to a Carta de Moçambique publication , the transaction was confirmed by the Competition Regulatory Authority (ARC) in a statement.
The document explains that MIAFS is a commercial company whose aim is to operate the hydration line and depots for the supply of aviation fuel, as well as to design and build fuel storage depots and provide aircraft refuelling services at Maputo International Airport.
According to ARC, prior to this sale, MIAFS was wholly owned by Petromoc, in violation of Competition Law no. 10/2013 of 11 April. ‘Its activities include the management of pipelines and other equipment, the receipt and dispatch of aviation fuel to end consumers, as well as the import and export of materials for internal use.’
I2A Investimentos e Participações is a commercial company under Mozambican law, 100% owned by national shareholders, focused on the storage and sale of liquid and solid bulk, and is authorised to distribute petroleum products (fuels) under Distribution Licence no. 02/19, of 27 February 2019, issued by the National Directorate of Hydrocarbons and Fuels.
In turn, Petromoc is a public limited company, incorporated under the laws of the Republic of Mozambique, and is dedicated to the transport, distribution, reception, handling, storage, transit, export, re-export, transformation and commercialisation of petroleum products.
The state holds a 60 per cent stake in Petromoc, which operates 120 petrol stations and has a market share of 23 per cent, according to data from 2023.
