Africa: Puma Energy to increase fuel storage capacity by almost 40%
Facing an increasing demand, Puma Energy will be expanding its fuel-storage capacity in sub-Saharan Africa by more than a third.
The global energy supplier will be adding 350 million litres of capacity to the 900 million litres it already has across different facilities in the sub-Saharan region, said Christophe Zyde, chief operating officer for Puma Energy’s African business, to Bloomberg.
Puma Energy will increase its capacity by investing in a wide range of fuel-related operations, such as an aviation-fuel depot in Ghana or an oil-product terminal in Mozambique.
With a growing population in need of an increasing amount of energy various global companies have made major investments in Africa´s fuel storage and handling business. Engen recently announced the construction of a new fuel depot in Namibia – the second depot it builds in the country this year.
According to Bloomberg, Puma´s flagship project remains to be the expansion of a terminal in Angola´s Luanda Bay, where the 80 million-litre capacity will be doubled by the end of the year.
