[2020-04-22] Sonangol sets ups fuel stockpile in Luanda

Source: Macauhub

Angolan state oil company Sonangol will be able to use the Pumangol fuel terminal, in Luanda, to establish a stockpile of fuel, under an agreement signed with the Angolan subsidiary of Singapore group Puma Energy.

Sonangol said in a statement that the agreement reached is satisfactory to both parties and will make it possible to meet fuel needs, as well as being a demonstration of increased cooperation between the two companies.

Signed last weekend, the agreement will enable Sonangol to use the facilities at almost their total capacity, estimated at 300,000 cubic metres, as well as other logistics options it offers.

Sonangol gave assurances that it remains committed to the project for the construction of the Barra do Dande Ocean Terminal, in the province of Malange, a venture that will increase onshore storage capacity and contribute to the creation of a stockpile of liquid and gaseous fuels for the country.

Pumangol operates in Angola in the storage and distribution of fuels, bitumen and asphalt emulsions and derivatives.