BP Group announces investments of US$85 million in Mozambique

3 October 2013

Oil group BP plans to invest US$85 million in Mozambique over the next five years in new projects and modernising facilities in the country, BP’s director for Southern Africa, Thandi Orleyn said.

“The biggest portion of the investment, US$75 million, will be spent on modernisation of infrastructure in order to improve the safety and reliability of shipments to the port terminals of Nacala, Beira and Matola,” Orleyn said, cited by the Mozambican press.

The BP director for Southern Africa added that “the work will make it possible to increase our ability to meet domestic and regional demand.”

Orleyn said that BP would use the remaining US$10 million to modernise its facilities at two airports in Mozambique.

BP currently has an 18 percent of Mozambique’s fuel market, with the sale of 240 million litres of fuel per year. (macauhub)