Rikus Grobler | Oct 18, 2017 | 0
Puma upgrades World Economic Forum membership before Durban meeting
PRNewswire – Puma Energy, the globally integrated midstream and downstream distributor of BP petroleum products, announced this week it has upgraded its membership of the World Economic Forum.
Puma is now a Strategic Partner Associate and next week’s 27th World Economic Forum for Africa in Durban will be the first occasion where PUMA attends in this new capacity.
Puma Energy said in a statement it will now take its place among the leading regional and global companies participating on this platform. Puma is the distribution and retail arm of petroleum giant, BP.
Under the theme ‘Achieving Inclusive Growth’, the forum will convene regional and global leaders from business, government and civil society to explore solutions to create economic opportunities for all.
CEO Pierre Eladari said, “Puma Energy is delighted to have upgraded its partnership with the World Economic Forum. We at Puma are committed to long-term partnering for the benefit of our host countries as well as our shareholders. Our expertise lies in improving infrastructure, security of supply and providing quality fuels in the countries we service.”
In Africa, Puma Energy announced expansion into the South African market in January 2016. The Group is now present in 19 countries from Senegal to South Africa and continues to expand its footprint from West to East. Puma Energy has invested close to US$2 billion in Africa and over the last two years added 464,000 cubic metres of storage capacity to its existing 726,000 cubic metres.
The group has a network of 740 service stations and storage capacity of 1.2 million cubic metres in Africa.
Puma Energy is a global integrated midstream and downstream oil company active in 47 countries. Formed in 1997, Puma Energy has expanded its activities worldwide, achieving rapid growth, diversification and product line development. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia).