With a broad investment mandate, we support the development of Montfort’s oil trading activity by providing access to the market and control of strategic supply chain infrastructure.
We adopt a flexible owner/operator model: we are frequently a majority owner and operator of the companies we invest in, but not exclusively so.
Our focus is Africa, the Middle East, South and Southeast Asia.
UAE / Fujairah: Our acquisition of the 65,000 barrels/day crude oil processing unit and associated marine fuel trading business in Fujairah has enabled us to produce and supply IMO 2020-compliant low-sulfur fuel oils to the bunkering market. 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 business sell over 30 million barrels of low-sulfur fuel oil to the shipping industry annually.
DISTRIBUTION AND LOGISTICS
Mozambique: We have equity in an oil tanking storage terminal in Matola, with over 58,000 m3 of clean product storage capacity.
South Africa: We acquired 49 percent of New Age Energy, a B-BBEE (Broad-based Black Economic Empowerment) company that focuses on the reliable import, export, and distribution of safe and high- quality energy products.
Kenya: We acquired 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.