2nd Africa LPG Trade Summit,

19-20 Apr, 2016 - Johannesburg, SOUTH AFRICA

Hilton Sandton

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UAE-based Gulf Petrochem Plans Expansion in Kenya, Tanzania’s LPG Sector

Posted on : 10 Feb, 2016

 

Africa’s LPG demand is growing and this has attracted several investments in the region. UAE-based Gulf Petrochem is eyeing the LPG markets in East Africa – especially those of Kenya and Tanzania. The oil product trader plans to increase its storage capacity in the region to take advantage of double digit growth for some products, especially LPG.

 

It is in talks to build storage capacity in Dar es Salaam in Tanzania and Mombasa in Kenya.

 

Gulf Petrochem has already applied for licenses in Kenya and Tanzania to market LPG that is used mainly for cooking. It also plans to more than double its fuel stations from three to eight.

 

Besides LPG, the company expects to crack a deal to lease storage of approximately 100,000 cubic metres to store gasoil and gasoline in East Africa.

 

More on Gulf Petrochem’s ‘Investment Opportunities in East Africa LPG Infrastructure and Growing Markets’ will be shared by the company’s Executive Director – Thangapandian Srinivasalu at CMT’s 2nd Africa LPG Trade Summit on 19-20 April, 2016 in Johannesburg.

 

Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.

 

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