Comunicação - Imprensa
BP scores deal to divest Mozambique assets to TotalEnergies
BP plc BP entered an agreement to divest its retail network, wholesale fuel business and logistics assets in Mozambique to TotalEnergies TTE.
The to-be-acquired assets involve a network of 26 service stations and a significant customer base. Beside this, the acquisition involves BP’s 50% stake in Samcol.
TotalEnergies is one of the leading players in the downstream petroleum products market in Mozambique, with a network of fuel stations, industrial and mining customers, lubricants, and logistics. It had an estimated market share of around 14%. The latest acquisition will bolster TotalEnergies’ position as the leading retailer of petroleum products in the country.
The agreement shows TotalEnergies’ interest in pursuing investment opportunities in Mozambique’s energy sector. TotalEnergies aims to deploy its multi-energy strategy in Mozambique through the retailing of petroleum products for mobility, the major Mozambique LNG project and related supply of domestic gas, and opportunities in renewables.
