TotalEnergies buys BP Mozambique fuel business

TotalEnergies has bought BP’s retail network, wholesale fuel business and logistics assets in Mozambique, extending its existing network of 57 service stations.

The transaction includes a 50% stake in SAMCOL, the logistics company previously jointly owned by BP and TotalEnergies, which operates the Matola, Beira, and Nacala fuel import terminals, as well as 26 service stations and a portfolio of business customers.

‘This agreement reflects TotalEnergies’ willingness to pursue its investments in Mozambique’s energy sector in order to deploy our multi-energy strategy in the country through retailing of petroleum products for mobility, the major Mozambique LNG project and accompanying supply of domestic gas, and opportunities under review in the area of renewable energies. Our ambition with all this is to contribute to the country’s sustainable development and give access to energy to as many people as possible,’ says Patrick Pouyanné, chairman and CEO of TotalEnergies.

(Source: Tank Storage Magazine)

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