Engen, the African energy multinational, has bought a 15% ownership stake in the JUHI jet fuel storage facility at the Sir Seewoosagur Ramgoolam International Airport (SSRIA) near the Mauritian capital of Port Louis. Joan Njoroge, managing director of Engen Petroleum Mauritius, explains that jet fuel storage facilities are most often run in consortia, to minimise the number of depots and therefore airport security risks. “Co-ownership puts Engen on a competitive footing with other oil companies.”
The investment has already begun to pay dividends. “We have already won several tenders since we began activities in April,” Ms Njoroge says.
Aviation makes up a considerable share of Engen’s business in Mauritius, and it could conceivably get bigger, she continues.
“Many of the major airlines fly out of SSR International Airport and more growth is expected on the back of tourism, continued growth in export activities and business conferencing. The new modern airport with much larger capacity was completed in 2013 and we’re looking forward to filling more storage capacity.”
Engen has operated in Mauritius since 2011. The company has a presence in 18 countries in sub-Saharan Africa and the Indian Ocean Islands.