BP Mozambique has invested over US$7 million on the Nacala fuel terminal, in Nampula province, said the Mozambican subsidiary of the BP group in a statement issued Sunday.
According to the statement, the modernisation work on the terminal was intended to allow large draft ships to moor there in order to unload fuel.
Speaking to Rádio Moçambique Sunday, Energy Minister Salvador Namburete said that the port of Nacala now had the conditions to compete with any other port in the region.
“Opening the new fuel terminal will allow BP to consolidate its second place in supplying fuel in Mozambique, in which it has a market share of 16 percent,” noted the minister.
BP Mozambique also plans to renovate it fuel terminal in Matola, on the outskirts of the Mozambican capital, Maputo and its fuel terminal in Beira, the country’s second city. (macauhub)