Trafigura to acquire Puma Energy assets
Puma Energy Holdings Pte. Ltd, Trafigura PTE Ltd, and Sonangol EP have signed a series of agreed transactions.
First, Trafigura has agreed to purchase from Sonangol its entire shareholding in Puma Energy for the sum of US$600 million. Second, Puma Energy has agreed the sale of its Angolan business and assets to Sonangol for the sum of US$600 million.
This includes the acquisition of the Pumangol retail network of service stations, airport terminals, and marine terminals, including the state of the art Terminal de Combustíveis da Pumangol em Luanda (TCPL) terminal in Luanda Bay.
Completion of these transactions is subject to regulatory approvals.
Country updates
-
-
March 23, 2021
AfDB approves US$530mn financing for Future Central-South 400 kV Interconnector Transmission Project
The African Development Bank has committed US$530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in An...
Read more -
December 03, 2020
MCA Group leads consortium to install 370 MWp solar project in Angola
MCA Group is set to lead a consortium that aims to develop a 370 MWp solar photovoltaic project in Angola. The MCA Solar Angola project will involve the development of seven photovoltaic s...
Read more -
March 13, 2020
BP awards TechnipFMC EPCI contract for the Platina Oil Field project development
The subsidiary of upstream developer BP plc, BP Angola, has awarded TechnipFMC integrated engineering, procurement, construction, and installation contract for the development of the Pl...
Read more -
November 19, 2019
Eni signs concession for solar project in Angola
Italian oil and gas company Eni has signed a Memorandum of Understanding with the Government of Angola for the local developments, renewable energy projects, health promotion, and hydrocarbo...
Read more -
June 01, 2018
Total launches US$1.2 billion offshore oil production project in Angola
Total and its partners have launched the Zinia 2 project, a deep offshore short-cycle development in an area 150km off the coast of Angola, known as Block 17. The launch follows the dev...
Read more
