Guinea Bissau to have park to store aviation fuel

13 April 2012

Guinea Bissau as of May will have a logistics park with capacity to import and store fuel for aircraft, the chairman of Petromar, a company that is majority-owned by Portuguese oil group Galp Energia, said in Bissau Thursday.

According to Portuguese news agency Lusa, Carlos Bayan Ferreira also said that Petromar – Sociedade de Abastecimentos Petrolíferos was working to provide fuel to the new power plant of Guinea Bissau electricity and water company Electricidade e Águas de Guiné-Bissau (EAGB).

Bayan Ferreira, who is also responsible for the international sector of the Galp Energia group, was speaking at the inauguration of another Galp fuel station, a few kilometres outside the Guinean capital.

Petromar, which was set up over 21 years ago, has ensured stability in the fuel supply sector, Bayan Ferreira said, adding that around 700 million CFA francs (just over 1 million euros) had been invested in the new fuel station and another one due to open Friday.

Galp Energia now has 11 fuel stations in Guinea Bissau and plans to open more, mainly in the south of the country, as well as to re-launch fuel logistics company Companhia Logística de Combustíveis (CLC), allowing the country to once again have aviation fuel.

The company is 80 percent-owned by the Galp Energia group and its Guinean partner is businessman Carlos Gomes Júnior, who is the country’s Prime Minister and now a presidential candidate. (macauhub)