BP sells position in fuel company at Maputo airport to Petromoc
BP Moçambique intends to sell to Mozambican state oil company Petromoc the 50% share it holds in the company MIAFS, created by both for fuel storage operations at Maputo International Airport.
According to a notice published today (31), by the Competition Regulatory Authority (ARC), the notification of the “concentration of companies” operation was submitted on 24 July and is subject to public evaluation in the next 15 days.
This is the confirmation of BP’s exit from the Mozambican fuel market, after having sold the retail business to TotalEnergies in 2021.
Earlier this year, ARC had announced that BP Mozambique had agreed to sell its aviation fuel business assets, including operations at seven airports, to Puma Energy Mozambique.
According to information released early last March by ARC, this deal would also involve a 50% stake in Maputo International Airport Fuelling Services (MIAFS), a joint venture with Petróleos de Moçambique (Petromoc), for the design and construction of an aviation fuel depot, management of a fuel storage depot and aircraft fuelling equipment, including a network of hydrants at Maputo International Airport.
Now, ARC reports that the deal to sell BP Moçambique’s 50% stake in MIAFS will, after all, be made to Petromoc, which will “hold all the shares of the target company”.
“BP Moçambique has, in recent years, embarked on the sale of its assets in Mozambique. This is associated with the strategic decision to progressively exit the country’s fuel supply market. In order to materialise the strategy, during the years 2021 and 2022, BP Mozambique addressed invitations to several entities to submit proposals to purchase the assets of the aviation fuel business in Mozambique and its stake in MIAFS, and Puma was then chosen as the best positioned to acquire the target business,” ARC said in a note last April, not opposing the first deal.
