Petroleum Africa
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Thursday, February 25, 2016
Puma Energy is moving to fill the market gap for cleaner fuels in South Africa and is expanding operations in the country this week. It has already invested about $150 million to develop storage, logistics, and retail capacity both domestically and in Mozambique.
In 2015 the company bought Drakensberg Oil and 74.9% of Brent Oil, an owner of logistics and storage facilities and branded fuel stations. Puma now has 123 retail sites in South Africa, including those of Brent Oil, which are being rebranded.
The company has been busy expanding across southern Africa over the past four to five years. In 2010 the company added operations in Namibia, Botswana, Zambia, Malawi, and Tanzania through its acquisition of BP’s downstream operations in those countries. In 2011 it added to its presence in Namibia with the purchase of Chevron’s fuel marketing businesses.
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