26 November 2008
Maputo — The Mozambican government's Energy Fund (FUNAE) and the publicly owned fuel company Petromoc signed in Maputo on Tuesday, a memorandum of understanding for the construction of 20 petrol stations in rural areas.
Under the agreement, FUNAE will have the responsibility to finance the construction of 20 petrol stations, and to this end a sum of 20 million dollars is already available, which has been disbursed by the Government through the State Budget.
For its part, Petromoc will provide technical assistance for the management of these ventures, and grant its brand name as a way of ensuring product quality.
Speaking shortly after the signing ceremony, the FUNAE Chairperson Miquelina Meneses said that the agreement is the culmination of a process began some time ago. Public tenders have already been launched and FUNAE expects to sign contracts with the selected companies, chosen to build these petrol stations, in early December.
"After signing this agreement we will start discussions with PETROMOC on a number of issues, including transportation of the fuel", said Meneses. "Contractors are expected to start construction work immediately after signing the contracts".
Nuno de Oliveira, who signed the agreement on behalf of Petromoc, explained that this partnership seeks to improve fuel availability in agricultural production areas, where fuel is in short supply.
Petromoc sees this partnership as an advantage that will boost the expansion of its brand across the country, into areas which it has been unable to reach until recently.
The new petrol stations should be completed by the end of 2009.
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