Continental Focus, International Reach

International Oil Traders Interested in Petromoc

Monday, June 12, 2017

Mozambique’s state-run Petromoc is seeing interest from a couple of international oil traders. Local media reports have Vitol and Guvnor expressing an interest in buying the state-owned fuel distributor.

Petromoc has been having trouble supplying the East African nation with fuel due to lack of funds. Petromoc holds around 40% of the distribution market.

 


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