Guinea Bissau: South Africa’s Engen Petroleum buys assets of France’s Total in Guinea Bissau

27 August 2008

Cape Town, South Africa, 27 Aug – South African oil company Engen Petroleum announced Friday in Cape Town that it had acquired the refining assets of France’s Total in three African countries, including Guinea Bissau.

Engen Petroleum will get 85.11 percent of the shares of Total Guinea Bissau as well as 50 percent of Aero Services SARL, the French company’s stake in a jet fuel business in Guinea Bissau.

“Shares in Total Guinea Bissau will give Engen four service stations and 37 commercial customers, which represents a market share of 29 percent,” said the South African company in a statement.

The deal with Total also includes Total’s refinery and distribution assets in Rwanda and Burundi. (macauhub)