{"id":44002,"date":"2023-08-04T11:03:59","date_gmt":"2023-08-04T11:03:59","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc"},"modified":"2023-08-04T11:16:41","modified_gmt":"2023-08-04T11:16:41","slug":"bp-sells-position-in-mafs-to-petromoc","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc","title":{"rendered":"BP sells position in MAFS to Petromoc"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>BP Mozambique intends to sell its 50% stake in MAFS, the company created for fuel storage operations at Maputo international airport, to the Mozambican state oil firm and MAFS co-founder Petromoc<\/p>\n

According to a notice published today by the Competition Regulatory Authority (ARC), the notification of the \u201cconcentration of companies\u201d operation was filed on July 24 and is subject to public evaluation in the next 15 days.<\/p>\n

Having already sold its retail business to TotalEnergies in 2021, this confirms BP\u2019s exit from the Mozambican fuel market.<\/p>\n

Earlier this year, the ARC announced that BP Mozambique had agreed to sell to Puma Energy Mozambique the assets of the aviation fuel business, including operations at seven airports.<\/p>\n

According to information disclosed at the beginning of last March by ARC, the deal with Puma Energy Mozambique would also involve a 50% stake in Maputo International Airport Fuelling Services (MIAFS), a joint venture with Petro\u0301leos de Moc\u0327ambique (Petromoc), for the design and construction of an aviation fuel depot and the management of a fuel storage depot and aircraft refuelling equipment, including a network of fuel hydrants at Maputo International Airport.<\/p>\n

Now, ARC says that the sale of BP Mozambique\u2019s 50% stake in the MIAFS will ultimately be made to Petromoc, which will then \u201chold all of the target company\u2019s shares\u201d.<\/p>\n

\u201cBP Mozambique has, in recent years, embarked on the sale of its assets in Mozambique. This fact is associated with the strategic decision to progressively exit the country\u2019s fuel supply market. In order to implement the strategy, during the years 2021 and 2022, BP Mozambique sent invitations to various entities to present proposals for the purchase of the assets of the aviation fuel business in Mozambique and its participation in Maputo International Airport Fuelling Services (MIAFS), and Puma was then chosen as the best positioned to acquire the target business,\u201d the ARC said in a note last April detailing its lack of objection to the previous proposal.<\/p>\n

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

Africa-Press – Mozambique. BP Mozambique intends to sell its 50% stake in MAFS, the company created for fuel storage operations at Maputo international airport, to the Mozambican state oil firm and MAFS co-founder Petromoc According to a notice published today by the Competition Regulatory Authority (ARC), the notification of the \u201cconcentration of companies\u201d operation was […]<\/p>\n","protected":false},"author":84,"featured_media":44001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-44002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nBP sells position in MAFS to Petromoc - Mozambique<\/title>\n<meta name=\"description\" content=\"BP Mozambique intends to sell its 50% stake in MAFS, the company created for fuel storage operations at Maputo internati ...\" \/>\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\/bp-sells-position-in-mafs-to-petromoc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BP sells position in MAFS to Petromoc\" \/>\n<meta property=\"og:description\" content=\"BP Mozambique intends to sell its 50% stake in MAFS, the company created for fuel storage operations at Maputo internati ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc\" \/>\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=\"2023-08-04T11:03:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-04T11:16:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/08\/sm_1691131563.117477.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"775\" \/>\n\t<meta property=\"og:image:height\" content=\"511\" \/>\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=\"2 minutes\" \/>\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\/bp-sells-position-in-mafs-to-petromoc#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BP sells position in MAFS to Petromoc\",\"datePublished\":\"2023-08-04T11:03:59+00:00\",\"dateModified\":\"2023-08-04T11:16:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc\"},\"wordCount\":340,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/08\/sm_1691131563.117477.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bp-sells-position-in-mafs-to-petromoc\",\"name\":\"BP sells position in MAFS to Petromoc - 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