{"id":10360,"date":"2021-12-08T18:58:23","date_gmt":"2021-12-08T18:58:23","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=10360"},"modified":"2021-12-09T13:46:37","modified_gmt":"2021-12-09T13:46:37","slug":"mozambique-bp-transferring-downstream-assets-to-totalenergies","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies","title":{"rendered":"BP transferring downstream assets to TotalEnergies"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019s Minister of Mineral Resources and Energy, Max Tonela, on 3 December authorised the transfer of the rights relating to BP\u2019s downstream assets to the French company TotalEnergies.<\/p>\n

This will include the transfer of various infrastructure, equipment, and real estate. BP will continue to provide aviation fuels, lubricants, and fuel transportation.<\/p>\n

According to Tuesday\u2019s edition of the daily newspaper, \u201cNoticias\u201d, as a result of the transfer TotalEnergies will be obliged to pay capital gains tax.<\/p>\n

The transfer of assets will result in TotalEnergies increasing its market share but the authorities have placed restrictions on future activities: the company cannot increase its market share of petroleum products beyond thirty per cent, nor can it reduce its related economic activities by more than thirty per cent within five years of the transaction.<\/p>\n

TotalEnergies currently controls 11.48 per cent of the market whilst BP has a market share of 7.57. The rest of the market is shared between Petrogal (12.66 per cent), Petromoc (24.26 per cent), Companhia de Abastecimento de Combust\u00edveis (0.17 per cent), Petroda (0.21 per cent), Exor (0.20 per cent), GTS (0.60 per cent), Camel Oil (2.60 per cent), Glencore (2.31 per cent), African Petroleum (1.20 per cent), IPM (0.02 per cent), Mount Meru (3.29 per cent), Puma Mozambique (13.24 per cent), Petromoc and Sasol (8.10 per cent), and Engen Petroleum Mozambique (12.09 per cent).<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambique\u2019s Minister of Mineral Resources and Energy, Max Tonela, on 3 December authorised the transfer of the rights relating to BP\u2019s downstream assets to the French company TotalEnergies. This will include the transfer of various infrastructure, equipment, and real estate. BP will continue to provide aviation fuels, lubricants, and fuel transportation. According […]<\/p>\n","protected":false},"author":84,"featured_media":10359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-10360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nBP transferring downstream assets to TotalEnergies - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019s Minister of Mineral Resources and Energy, Max Tonela, on 3 December authorised the transfer of the rights r ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BP transferring downstream assets to TotalEnergies\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019s Minister of Mineral Resources and Energy, Max Tonela, on 3 December authorised the transfer of the rights r ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-08T18:58:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-09T13:46:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/12\/img-61b0dafacfeff.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"739\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BP transferring downstream assets to TotalEnergies\",\"datePublished\":\"2021-12-08T18:58:23+00:00\",\"dateModified\":\"2021-12-09T13:46:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies\"},\"wordCount\":229,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/12\/img-61b0dafacfeff.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-bp-transferring-downstream-assets-to-totalenergies\",\"name\":\"BP transferring downstream assets to TotalEnergies - 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