Fuel supplier Puma Energy plans to increases its fuel storage capacity in sub-Saharan Africa by 350 million litres.
According to Bloomberg, Christophe Zyde, CEO for Puma Energy said in an interview that the additional capacity will be added to the 900 million litres it already has in the region. The expansion will span from an aviation-fuel depot in Ghana to an oil-product terminal in Mozambique.
Additionally, Puma Energy is still considering further projects and has identified South Africa as a target for future investment.
Zyde is reported saying that there is a need for imported product and associated infrastructure and that is where the company intends to focus on. Puma Energy’s 110 million litre mixed-product import terminal in Matola, Mozambique is due to open in November.