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SINGAPORE, April 27, 2017 /PRNewswire/ --
Puma Energy, the globally integrated midstream and downstream energy company, is proud to announce it has upgraded its membership of the World Economic Forum to be Strategic Partner Associate and as part of this will be attending the upcoming World Economic Forum for Africa in Durban next week, RSA as well as the World Economic Forum on ASEAN 2017 in Phnom Penh, Cambodia in May.
Puma Energy, the fastest growing independent fuel distribution company globally, will attend the 27th World Economic Forum on Africa meeting in Durban, RSA next week, and take its place among the leading regional and global companies participating on this platform.
Under the theme 'Achieving Inclusive Growth', the meeting 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 into 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 464k m3 of storage capacity to the 726k m3 it already had in the region. The Group has a network of 740 retail sites and storage capacity of 1.2million m3 on the continent.
About Puma Energy
Puma Energy is a global integrated midstream and downstream oil company active in 47 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 over 7,650 employees. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia).
Puma Energy's core activities in the midstream sector include the supply, storage and transportation of petroleum products. Puma Energy's activities are underpinned by investment in infrastructure which optimises supply chain systems, capturing value as both asset owner and marketer of product. Puma Energy's downstream activities include the distribution, retail sales and wholesale of the full range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma Energy currently has a global network of over 2,500 retail service stations. Puma Energy also provides a robust platform for independent entrepreneurs to develop their businesses, by providing a viable alternative to traditional market supply sources.