Page 16 - AfrOil Week 16 2021

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DOWNSTREAM energy. parties and reiterated the commitment of Axens
Henry Osei, Puma Energy GM, in Ghana said to delivering the BUA refinery project on time
Puma Energy, Trafigura “We are proud to install the solar systems in our and with the highest standards.
Earlier, Rabiu, who stated that Nigeria
sites and depots as it meets our purpose of ener-
and Sonangol team up to gising communities and reinforces our com- imports most of its crude oil consumed daily,
mitment to clean energy solutions and meeting noted that BUA refinery when fully operational
recapitalise Puma Energy, our ESG goals. Africa, and Ghana in particular, will reduce the huge cost transporting crude oil
has a great potential of solar power and we are offshore, refining it and bringing it back into the
transfer Puma’s Angolan establishing the first steps to transforming this country. Rabiu added that the decision to site the
potential into a more sustainable and energy refinery in Akwa Ibom in southern Nigeria was
business to Sonangol efficient system to power our sites and depots. strategic due to huge availability of raw materials
Ghana is pleased to be the first country to show and its proximity to export petroleum products
Puma Energy Holdings, Trafigura PTE and the first footprints of our energy transition drive to regional countries.
Sonangol EP today announce the signing of a in Africa” BUA Group, April 14 2021
series of agreed transactions. Mitchell Board, Global Head, Future Ener-
First, Trafigura has agreed to purchase from gies said: “By combining our expertise and Sahara Tanzania expands
Sonangol its entire shareholding in Puma Energy local knowledge with the right sites and access
for the sum of $600m. to finance, we hope to accelerate the renewable petroleum product storage
Second, Puma Energy has agreed the sale of energy transition in Ghana not just for Puma but
its Angolan business and assets to Sonangol for for our customers too.” capacity
the sum of $600mn. This includes the acquisi- Puma Energy, April 14 2021
tion of the Pumangol retail network of service Sahara Tanzania, a Sahara Group company, has
stations, airport terminals and marine termi- BUA, Axens make progress expanded its storage capacity for petroleum
nals, including the state-of-the-art Terminal de products to 72mn litres in line with its commit-
Combustíveis da Pumangol em Luanda (TCPL) on 200,000 bpd refinery in ment to promoting availability and reliability
terminal in Luanda Bay. of top-quality products in Tanzania and other
Completion of these transactions are subject Akwa Ibom neighbouring African countries.
to regulatory approvals. “Since our Tanzania operations commenced
These transactions enable Puma Energy to The French President, Emmanuel Macron, has in 2015, Sahara has expanded its infrastructure
reduce the size of the rights issue to raise $500m commended the Chairman of BUA Group, from 10 loading arms and four storage tanks with
from rights already subscribed for by Trafigura Abdul Samad Rabiu, for his commitment a combined storage capacity of 36mn litres to 20
and a small number of minority shareholders. to developing lasting relationships between loading arms with eight storage tanks, with a
The rights issue is being implemented by way French and Nigerian businesses. This came as combined capacity of 72mn litres, spurring eco-
of a convertible instrument under which pay- the French Minister for Foreign Trade and Eco- nomic development in Tanzania through avail-
ment is made by subscribers on April 21, 2021, nomic Attractiveness, Franck Riester, paid a ability of petroleum products,” said Olumuyiwa
to Puma Energy and the shares will be allocated visit to the BUA Group HQ in Lagos, Nigeria, Aladejana, Country Manager, Sahara Tanzania.
to subscribers following receipt of regulatory where he handed over a personal invitation from The company has an ongoing expansion project
approvals. President Macron to Rabiu to attend the Choose aimed at increasing its storage capacity further
Puma Energy, April 16 2021 France Summit in June in Paris representing to store more Automotive Gas Oil (AGO), Pre-
business leaders from Nigeria and Africa. The mium Motor Spirit (PMS) and JET A1. The pro-
Puma Energy launches solar French minister also witnessed the signing of a ject is expected to make Sahara Tanzania one of
progress acknowledgement statement between the largest storage terminals, providing an ave-
power systems in Ghana BUA Group and Axens of France for BUA’s nue for increasing employment opportunities
and economic growth in Tanzania.
proposed 200,000 barrel per day (bpd) refin-
Puma launches 11 solar projects at its retail sta- ery in Akwa Ibom. During the visit, it was also
tions and a further three at Puma Energy’s ter- announced that the Chairman of BUA Group
minals in Ghana. The solar power generation at had been appointed Chairman of the France
11 of the 14 sites is supported by battery storage. Nigeria Investment Club.
The combined solar and battery power sys- Speaking during the ceremony, the Chairman
tems in 14 service stations and terminals in of BUA Group, Rabiu thanked the Minister and
Ghana are part of Puma Energy’s Future Ener- President Macron for their unwavering support
gies business wider business plan to roll renew- in bringing BUA and French businesses together.
able energy projects around the world. Puma He further added that so far, BUA had initiated
Energy hopes not only to reduce its own carbon partnerships and have developed personal rela-
footprint but also support its commercial cus- tionships with a few French businesses, includ-
tomers in Ghana and around the world as they ing Axens whilst expressing confidence in the
seek to decarbonise and reduce their carbon quality of expertise and technical know-how of
impact. the French companies BUA has partnered with.
These projects benefit from Ghana’s high In his comments, Jean Sentenac, President
solar energy potential and have a total capac- of Axens, said that he is pleased that the project
ity of 422kW and associated battery storage of is advancing on schedule. He also praised the
224 kWh and can provide up to 100% of a site’s very good co-operation between all the involved

P16 www. NEWSBASE .com Week 16 21•April•2021