- As part of its Africa expansion plans, Global commodity trading company Montfort Group has acquired stake in Matola Terminal de Armazenamento de Petróleos.
- The Terminals’ world-class technologies will enable Montfort to trade its petroleum products across the six neighboring countries in the region.
As part of its Africa expansion plans, Global commodity trading company Montfort Group has acquired stake in Matola Terminal de Armazenamento de Petróleos a company that owns and operates an oil tanking storage Terminal in the Port of Matola, in Mozambique.
The terminal formerly known as Oiltanking Matola, and commissioned in Dec 2017, was bought in June 2021 by a consortium of Energi Asia DMCC and Al Braik Investments. According to media reports, Montfort will develop the terminal in partnership with Energi Asia that will contribute to the growth of Mozambique’s commercial activities benefitting the local and regional energy sectors.
The Terminals’ world-class technologies will enable Montfort to trade its petroleum products across the six neighbouring countries in the region. It also has room for future expansion of storage facilities in line with the growth in product volume. The terminal also claims to have accurate online calculation of quantities transferred in and out of the terminal and features the latest distributed control system (DCS) and fully segregated systems to handle three different product grades to ensure minimum product contamination.
Montfort’s brings decades of experience in commodity trading, storage, and logistics expertise. The partnership of two highly experienced companies like Montfort and Energi Asia is expected to fuel Mozambique’s commercial activity, which in turn will benefit both the local and regional energy sectors.
