French oil group Total plans to invest US$50 million in Mozambique

total_oil

French oil group Total plans to invest US$50 million in Mozambique to achieve a 30% share of the service station market by the end of 2017, said the group’s managing director for Mozambique.

The group, which on Thursday opened a service station in the suburb of Magoanine in Maputo, aims to have 60 stations by the end of 2017, compared to the current 43, said Joseph Kouamé, quoted by Mozambican news agency AIM.

Kouamé said the portfolio of projects in the fuel distribution sector in Mozambique is quite ambitious and gave assurances that the group intends to consolidate its presence in the Mozambican market.

According to information on Total Moçambique’s website the company has service stations throughout the country, and more than half are concentrated in the Maputo and Matola region.

source: macauhub/MZ

If you like our posting and want to stay current, please follow our blog at: https://yukonservice.wordpress.com

or  click on our RSS Feed and suscribe  https://yukonservice.wordpress.com/feed/

Advertisements

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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