Mozambique: Petromoc to invest in increasing fuel storage capacity

24 February 2009

Maputo, Mozambique, 24 Feb – Petroleos de Mozambique (Petromoc) will continue to invest in increasing fuel storage capacity this year in the country’s three regions, company chairman, Mateus Kathupa has said.

Quoted by the Maputo newspaper, Noticias, Katupha, who did not reveal figures, said that the initiative is part of a series of challenges his company faces this year including the opening of new service stations, the exploration of gas condensate fields, as well as the construction of an oil pipeline to take petroleum products from the port of Matola to the industrial region of Nelspruit, in South Africa.

In the case of the oil pipeline from Petromoc’s facilities in Matola to South Africa, extending 450km and with a capacity of five million cubic metres per year, he said that work would begin the end of this year.

The main impact from this project is the reduction of delays at the port of Maputo, as well as gains from the use of the port infrastructures, with the increase in operative efficiency, reduction in thefts and the consequent reduction of costs and fuel prices.

With an estimated investment of US$537 million, the project will be operational between 2010 and 2011.

In the gas condensation field, it is hoped that Petromoc’s involvement will bring about solutions for the transformation of the natural gas from Pande and Temane into cooking gas to supply principally the domestic market. (macauhub)