Malawi should expect an improved supply of fuel on the market due to new storage infrastructure and increased capacity in Mozambique, Puma Energy Malawi has said.
The oil company, in a statement early this month, announced plans to expand its activities in Africa.
It said it is building new storage facilities and terminals to improve supply of fuel in the region.
Puma Energy wants to increase storage capacity of its 110 000 cubic metres Matola Storage Terminal in Mozambique to 275 500 cubic metres.
The terminal is strategically situated to supply countries of the Southern African Development Community (Sadc), Puma Energy said.
In an e-mailed response to a questionnaire on Thursday, Puma Energy Malawi managing director Davies Lanjesi said the development means Puma will be more efficient in the delivery of high-quality fuel in the country at a competitive price.
He said: “At Puma Energy, we consider Africa a continent with high growth potential.
“We take a long-term view on our presence here and we build capacity by investing in the infrastructure necessary to link global supply and local demand.”
Puma Energy Africa chief operating officer Christophe Zyde said establishing a footprint in the South African market is a logical progression for Puma Energy as it has grown to become one of the largest independent storage and downstream companies in sub-Saharan Africa.
Puma Energy entered the African market in 2002 and has since invested over $2 billion and last year alone added 350 million litres of storage capacity to the 900 million litres it held.