Germany’s Oiltanking GmbH acquires stake in Galana Mozambique


(2015-12-10) German company Oiltanking GmbH has acquired a stake of Galana Mozambique, taking on an indirect stake in two projects to make tanks for fuel and chemicals in the ports of Matola and Beira, the company said.

Oiltanking announced in a statement issued in Hamburg that the Matola terminal – under construction with operation scheduled for the second quarter of 2016 – has an initial capacity of 51,000 cubic metres and has enough land for expansion in the future.

The second terminal will be built at Beira. It is at the design stage and will make it easier to import chemical and petrochemical products into the central region of Mozambique and neighbouring countries.

Following this acquisition, which is expected to be completed in December, Oiltanking will take over management of the Matola fuel terminal, which will be renamed Oiltanking Mozambique.

Galana Mozambique is a subsidiary of the Galana group of Mauritius, which focuses its activities on the marketing, transportation, storage and distribution of refined oil products in eastern and southern regions of Africa.

Oiltanking GmbH is a subsidiary of Marquard & Bahls, a family business based in Hamburg that operates in the supply, marketing and logistics of oil products and has 73 terminals in 22 countries in Europe, the Americas, Africa and Asia.

Source: Macauhub

Gal Despachos Aduaneiros en Maputo | Clearing Agent in Mozambique | Top Website |
The Leader in Oil & Gas Industry Mozambique | Hydrocarbon Logistics Centre | Yukon Logistics Lda | The Pemba Logistics Base | Nigerian company Orlean Invest | Portos de Cabo Delgado (PCD) | Top News Website | Mozambique latest news | Mozambique Biggest English Portal


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s