Sahara Energy, Petroci strike $43m LPG facility deal

Sahara Energy Logistics, an arm of Sahara Group of Companies, has stuck a partnership with the government of Cote d’Ivoire, and Petroci Holding to facilitate the construction of a 12,000 metric tonnes Liquefied Petroleum Gas (LPG) storage facility to guarantee LPG supply security in the nation.

The group signed a Joint Venture Agreement with National Oil Company of Cote d’Ivoire, the project is estimated at $43 million and will be executed in two phases, with inauguration scheduled for November, next year and October 2022, according to Sahara Group’s spokesman, Bethel Obioma,

Speaking during the signing of the agreement, Dr. Ibrahima Diaby, director-general, Petroci, said: “This joint venture project is the first of its kind in Cote d’Ivoire and will serve as a model for other projects in the energy sector. It is a historic event that will pave the way for a robust and seamless storage, distribution, and supply of LPG. This translates to more clean energy, growth, and productivity in Cote d’Ivoire. We are delighted and look forward to more collaboration with Sahara Energy.”

Country Manager, Sahara Energy, Olayemi Odutola, said the project aligns with Sahara Group’s commitment to promoting clean energy in Africa through investments, new technology, and collaboration with regional and global institutions. He stated that the partnership with Petroci further reiterated Sahara Group’s support and commitment to enhancing economic growth in Cote d’ Ivoire and contributing to the UN SDG7 goal which aims at ensuring access to affordable and clean energy.

“We are excited about the project and the huge opportunity it will confer on Cote d’ Ivoire as the leading LPG hub in the sub-region. Sahara Energy continues to support the energy value chain in the nation as a foremost partner.

Sahara Group remains unwavering in its commitment to enhance capacity, productivity, reliability, safety, profitability, competitiveness, and sustainability in Africa’s energy sector. We will continue to explore other investment and partnership opportunities to replicate similar projects across the continent,” he said.

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