Pumangol has so far created a total of 400 direct jobs and around 2,000 indirect jobs, as part of a strategy that has already implemented 80 fuel filling stations across the country.
The data was shared by the chairman of the Board of Directors of the company, Ivanilson Machado, in the interview he gave to Jornal de Economia & Financeira, from Edições Novembro EP
As he said, Pumangol is now owned by Sonangol as part of a process of restructuring the shareholder structure of Puma Energy, carried out in December 2021.
At the time, he recalled, Trafigura acquired Sonangol’s stake in Puma Energy, and this, in turn, acquired Puma Energy’s business in Angola, that is, Pumangol, currently being the sole shareholder.
According to Ivanilson Machado, Sonangol participates in several private investments and the position of shareholder does not necessarily interfere in the operational activity of companies, as is the case with Pumangol.
“The company went through a short period of transition and managed to stabilize the business, as well as maintain operational capacity, in the same standards that its customers, partners and shareholders have always inhabited”, he said.
operational stability
In the PCA’s view, Pumangol has shown operational stability, which is also reflected in the results achieved in the period after the transfer of assets to Sonangol.
“There is, in fact, a great balance in the results of the last two years, which presents a consistent and stable performance, which is anchored by the binomial, margins versus costs and demonstrate the ability to meet the goals defined in its business plan. strategy has been based on the generation of sustainable and solid margins with cost control discipline. we have had increases in margins through this route”, he said.
In that interview, the manager also stated that US$1.2 billion had been invested so far.
Within a strategic operational framework and taking into account the increasingly accentuated urban and suburban growth, and the consequent increase in demand for services provided by the oil derivatives distribution industry, Ivanilson Machado said that the economic conditions had already matured and were appropriate for carry out more investments, now focused on the interior of residential areas.
“The intention is, gradually, to always position ourselves strategically in large population centers to continue offering greater and better options for access to energy provided by the fuels, lubricants and other products we sell, as well as the positive and professional way of serving our customers. everyone looking for our services.
Therefore, with the alignment and approval of our current shareholder, we are investing in more Service Stations as part of this new approach and we foresee, at least this year, opening three more, in case the current circumstances do not change,” he assumed.
