Angola: Sonangol, Pumangol Agreement Allows Fuel Reserve Creation

Luanda — Sonangol and Pumangol have agreed to use the Pumangol fuel terminal (TCPL), in Luanda, owned by Puma Energy, to create a fuel reserve for the country.

As a result of the agreement, the parties followed last Tuesday, April 21, the first unloading operation at the referred terminal, carried out by Sonangol's Girassol vessel. In a statement, to which ANGOP has had access, Sonangol underlines that the understanding satisfies both parties and will make it possible to meet fuel needs, as well as reinforces cooperation between the two companies.

Signed last weekend, the agreement will allow Sonangol to use these facilities almost to their full capacity, estimated at three hundred thousand cubic meters, as well as other logistical assets it has.

Sonangol has assured that it remains engaged in the construction project for the Barra do Dande Ocean Terminal, in Bengo Province, an undertaking that will increase the onshore storage capacity and contribute to the creation of the liquid and gaseous fuel security reserve for the country. The Pumangol group is the identity under which Puma Energy is registered in Angola, dedicated to the storage and distribution of fuel, bitumens, emulsions, and asphalt derivatives.

See What Everyone is Watching

More From: ANGOP

Don't Miss

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.