Puma Energy increases investment in Nigerian fuel market

Geneva, Switzerland – 03 September 2018 Puma Aviation, part of Puma Energy, the global integrated midstream and downstream energy company, today announces further investment in the Nigerian aviation fuel market. By partnering with local fuel handling company CITA Petroleum, Puma Aviation will increase fuel availability, security of supply and airline refuelling standards.

Despite being Africa’s largest economy, Nigeria has a long history of poor quality and inconsistent fuel supply, in part down to strict regulation on what can be imported. Puma Aviation and CITA Petroleum have joined forces to address this problem. 

“As Nigeria’s leading aviation fuel distributor, I can say without doubt that the single biggest problem holding the region’s aviation market back is fuel supply,” explains Olasimbo Betiky, Chief Operating Officer, CITA Petroleum. “CITA already has a large network, operating in 12 airports across the country, and by joining forces with Puma Aviation to guarantee supply of quality product, we’re going to create a seamless supply chain from the refinery to the aircraft. This kind of unparalleled energy efficiency is exactly what the new world businesses forging Nigeria’s economic growth need.”

Puma Aviation brings into this partnership key supply security of Jet A-1, with its trading arm providing the ability to consistently import jet cargoes.

Puma Aviation has also invested in a programme to raise standards via its Global Technical team through staff training and investment. In addition, Puma Aviation will be investing in new high-performance state-of-the-art plane refuelling equipment, initially in Lagos.

“Nigeria is the beating economic heart of Africa and many believe what is achieved there illustrates what’s possible across the wider continent”, comments Seamus Kilgallon, Global Head of Aviation at Puma Energy. “Our investment in the market reinforces our commitment to Africa’s aviation industry, as we bring our unparalleled storage and transport network, high quality products and technical capabilities. We look forward to delivering an outstanding service to our airline customers.”

ENDS

About Puma Aviation

Puma Energy is a global integrated midstream and downstream oil company active in 49 countries. Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development. The company directly manages 8,400 employees. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia).

Operating at over 80 airports across Latin America, Africa and Asia, Puma Aviation, part of Puma Energy, provides products and services to airlines, aircraft operators and aircraft owners; working with the likes of Air France KLM, Lufthansa, American Airlines, SAA, United and Turkish. With an unrivalled network of 100+ fuel import sea terminals and access to a reliable global supply organization, Puma Energy ensures prompt and efficient aviation fuel deliveries to customers when they need them, wherever they are.

For further information about Puma Aviation, visit: https://www.pumaaviation.com/global/en/home/

For further information about Puma Energy, visit: www.pumaenergy.com