Addax Petroleum, of the Sinopec Group and Petrochina are the two Chinese companies out of ten that submitted bids for providing fuel to Mozambique for six months from 1 January 2020, said João Macandja, managing director of the Mozambican oil import company, Imopetro.
The official also told the AIM news agency, after the opening session of the proposals submitted to the international public tender, that the Government should announce the winner “soon.”
Macandja said that the Government intends to reduce fuel import costs by about US$800 million a year.
Imports of liquid fuels into Mozambique are based on international public tenders that are launched every six months, and Imopetro, which brings together all gasoline companies operating in Mozambique, is the only entity authorised to import liquid fuels.
There are currently 15 companies operating in the fuel distribution market in Mozambique, compared to the three that existed in 1997, when Imopetro was created.
In addition to Addax Petroleum and Petrochina, the remaining companies competing for the tender were Augusta Petroleum (United States), Finergy Petroleum (South Africa), Anglo-Swiss Glencore, Independent Petroleum Group (Kuwait), Sahara Petroleum International (Kuwait), TOTSA Total Oil Trading S.A. (France), Trafigura (Singapore) and Vitol (Netherlands).