Pulse.com.gh logo

Oil market PUMA Energy enters fuel retail market

PUMA acquired the shares of oil marketing company - UBI.

  • Published: , Refreshed:

PUMA Energy, the global integrated midstream and downstream energy company, has entered the Ghanaian fuel retail market, an official from the company confirmed to Pulse Business via telephone interview.

According to her, PUMA acquired the shares of oil marketing company - UBI.

In a blogpost, PUMA Energy said "Ghana has become one of Africa’s leading oil and gas producers, currently exporting 110,000 barrels a day. It is also one of our key midstream locations."

"Our offshore mooring capabilities put us at the heart of the Ghanaian oil import business. We have constructed two offshore mooring systems, which we continue to operate and maintain along with their associated pipelines and all ancillary facilities for the unloading and transportation of crude and refined petroleum products."

"Our operations in Ghana are managed through two wholly-owned subsidiaries. Kpone Marine Services Limited (KMSL) provides maintenance and operational services, managing vessels and buoy connections. It owns and operates a dedicated storage and pumping terminal at Kpone."

The Chief Operating Officer Christophe Zyde said through the UBI acquisition the company has got some 18 fuel stations, with an additional two, to start with, The Business and Financial Times reported.

“Two weeks ago, we received approval from the NPA to change the name UBI to Puma Energy; and that, of course, will go hand in hand with rebranding the fuel stations. You will now see the Puma Energy brand coming up in Ghana,” Christophe Zyde said.

“We are truly a Ghanaian company because more than 50% of our shareholding is Ghanaian,” he said.


Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
3 Unibank Collapse Shareholders of uniBank unhappy with leaked KPMG reportbullet
4 Banking In Ghana Stranded customers of First Allied Savings &...bullet
5 Unibank Collapse KPMG denies auditing UniBankbullet
6 UT Banks Collapse “I’m saddened by the turn of events” – Amoabengbullet
7 Tax Policy Gov't weighs in on controversial MoMo taxbullet
8 Banking Crises Joe Jackson urges BoG to ‘rate’ banks to...bullet
9 How to create a verified PayPal account Learn how to...bullet
10 Duncan Amoah Fuel prices up by 2%; COPEC calls for...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
5 Money Alert Meet Africa's richest womanbullet
6 Support Finance minister buys Kantanka carbullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 Video We are determined to move Ghana beyond aid - Bawumiabullet
9 New Phone Nokia’s MWC 2018 event in 7 minutesbullet
10 Tech 6 reasons you should buy an iPhone SE instead of...bullet