WGC TotalEnergies CEO aims to lift force majeure on Mozambique LNG project
Portugal: Galp to invest €128.7 million in Mozambique by 2020
9:14 CAT | 31 Aug 2018
File photo: Lusa
Portuguese oil company Galp plans to invest $150 million (€128.7 million) in expanding its logistics and sales network in Mozambique by 2020, the company said in a statement on Thursday.
The company plans to double the number of petrol stations in the country to over 70, Galp said.
The number of jobs in retail is expected to grow to over 2,600 by the end of 2020.
The company also said the construction of the two new logistic bases for the reception, storage and shipping of liquid fuels and LPG would be built in the cities of Matola and Beira.
Galp has a 10% share in the Coral South gas project in Mozambique’s Rovuma basin, led by Eni and Exxon.
Source: Lusa
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