Kenya: Weacquired Kencor Petroleum, an oil marketing company based in Kenya that focuses on the import, export and local distribution of safe and high-quality petroleum products. Fort Energy is planning to open retail service stations in Kenya.
Pakistan:We are investing in bulk LPG distribution in Pakistan. Fort Energy is committed to delivering LPG to end-users with bulk purchasing and utilizing our terminals and downstream assets.
South Africa: We acquired49percentof New Age Energy, a B-BBEE (Broad-basedBlack Economic Empowerment) company that focuses on the reliable import, export, and distribution of safe and high- quality energy products.
Mozambique: We haveequity in an oil tanking storage terminal in Matola, withover 58,000 m3 of clean product storage capacity.
UAE / Fujairah: Our acquisition of the65,000 barrels/day crude oil processing unit and associated marine fuel trading business in Fujairahhas enabled us toproduce and supply IMO2020-compliant low-sulfurfuel oils to thebunkeringmarket.The production facility is a market leader in, one of the world’s largest and most rapidly growing bunker fuel markets. The production facility and associated marketing businesssell over30 million barrels of low-sulfur fuel oil to the shipping industry annually.
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