Trafigura’s Puma expands storage in Mozambique: Matola terminals officially opened

puma energy

(2015-11-20) Puma Energy’s Matola Bitumen and Fuel Terminals bring the mid and downstream energy company’s total capacity in Mozambique to 275,500 m3 – the company’s second largest storage capacity in Africa.

The two new facilities comprise 11 new storage tanks, which took 12 months to construct and used more than 25,000 tonnes of steel.

Christophe Zyde, COO for Puma Energy Africa, says: “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.

“We take a long-term view to our entry into any market and anticipate the future growth of these emerging markets. In Mozambique, we have invested in state-of-the-art fuel and bitumen infrastructure and storage facilities. This improves security of supply and acts as a catalyst for economic growth.”

Sophonie Babo, general manager for Puma Energy Mozambique explains that the bitumen terminal means that Mozambique will no longer be dependent on imports from neighboring countries while the fuel terminal will create a channel for the supply of fuel to the Southern African Development Community (SADC) sub-region.

Trafigura, the third-largest independent oil trader, is the biggest shareholder in closely held Puma with a 49 percent stake.

Source: Tank Storage / Bloomberg

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