Mozambique - 04

Mozambique: Privatization of Struggling Petromoc Nears

The privatization of national fuel distributor Petromoc is nearing, with Gunvor, Vitol, and Puma Energy reportedly interested in taking over the ailing company. The privatization of a number of Mozambican state companies has been in the cards since 2016, when Minister of Finance Adriano Maleiane stated that Filipe Nyusi’s administration will reduce the government’s participation