Angolan company to invest US$60 million in new fuel stations

17 December 2013

Pumangol, an Angolan fuel retailer, plans to invest around US$60 million in building 11 new fuel stations by the end of next year, the company’s managing director Paul Edwards said.

Cited by newspaper Expansão, Edwards said that construction of the new fuel stations was part of the company’s expansion plan, and that the new stations would be built in Luanda province (nine) and Benguela (one) and Lunda Norte (one).

Pumangol’s expansion plans also include introduction of fleet cards (Frota) in partnership with Banco Atlântico, which will be aimed at the heavy goods transport segment.

The company currently has 62 fuel stations in Angola and recently opened one in Luanda, in the Benfica area, in which it invested US$4 million.

For next year, according to Edwards, one of the company’s main priorities is to have a presence in each of Angola’s provinces, with a complete network of fuel stations adapted to local needs. (macauhub)