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Thursday, December 29, 2016
Pumangol plans to invest $295 million in 2017 to construct an aircraft fuel storage as well as distribution units at airports in Luanda, Huíla, Benguela, and Cunene Angola. The investment contract was signed with the Technical Unit for Private Investment (UTIP).
Pumangol is a partnership between Puma Energy, whose shareholders are the Swiss group Trafigura and Sonangol Holdings, and the Angolan private group Cochan.
The project is also aims to build a storage and distribution terminal for oil products at the fishing port of Luanda, with several tanks and total capacity of 300,000 cubic meters, including acquisition and installation of a conventional traction buoy (mooring system used to transfer products such as oil and gas between oil tankers and coastal facilities) and construction of a harbor quay in Luanda.
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