Famar, Angobetumes Sign MoU for Fuel Storage Management in Angola
Source: www.gulfoilandgas.com 10/14/2024, Location: Africa
Logistics services company Famar and construction company Angobetumes signed a memorandum of understanding (MoU) allowing the companies to manage two fuel storage tanks at the Port of Luanda and three tanks at the Lobito Terminal.
Signed by Mauro Carvalho, Managing Partner at Famar and André Pitra, Executive Manage at Angobetumes during Angola Oil &Gas 2024, the MoU is poised to improve Angola’s fuel supply chain while ensuring storage systems meet regulatory requirements.
The storage tanks have all been certified by the relevant regulatory authorities for the storage and marketing of petroleum products.
Angola currently has a fuel storage capacity of approximately 676,000 tons, which is used for international export and to meet demands of the domestic market.
