23.10.15. Puma Energy plans to increase its fuel storage capacity in sub-Saharan Africa by more than a third this year to meet rising demand, according to Bloomberg.
In an interview, chief operating officer for Puma Energy’s African business Christophe Zyde said the firm will add 350 million litres of capacity to the 900 million litres it already has in the region.
The expansion spans the continent from an aviation-fuel depot in Ghana to an oil-product terminal in Mozambique.
Demand growth in Africa is accelerating as transport and energy use grows. Puma Energy is still considering further projects and sees South Africa, the continent’s most industrialised economy, as a target for investment, Zyde said.
Meanwhile in South America, Puma acquired 100 percent Ferush SAS, a Peruvian fuel distributor.
The acquisition enables Puma Energy to enter the highly competitive Peruvian market which increases its footprint in the Americas to 11 markets.
Rodrigo Zavala, Puma Energy’s COO for the Americas, said: “We have a clear focus: we are a global energy company, and we offer high quality products in a safe, swift and reliable way, at a competitive price.”