The Kuwaiti company, Independent Petroleum Group (IPG), was recently awarded the tender to import fuel to Mozambique for a period of six months, from January to June 2022, according to a source from the Mozambican Oil Importer (IMOPETRO).

IPG submitted the lowest bid for the tender in mid-December 2021, and as the award rules dictate, had the contract in its possession.

That company stood out among eight that submitted proposals for the tender launched on November 27, 2021, by offering an average cost of $36.52 for each metric ton of petroleum products. The highest bid was $55.78 for the same quantity, put forward by Augusa Energy.

The other competitors were Trafigura (49.66 USD); Glencore Energy (45.86 USD); Vitol (current supplier) 43.04 USD; Sahara Energy (42.94 USD); and Totsa (or Total) 41.64 USD.

After the opening of proposals, the Liquid Fuels Acquisition Commission (CAL) evaluated other assumptions, such as technical capacity for the import.

IPG is expected to import, over the next six months, approximately 1,190,000 Metric Tons (MT) of which 340,000 MT of Gasoline; 50,000 MT of Jet and 800,000 MT of 50 ppm Diesel.

The contract between IMOPETRO and IPG also foresees that, after importation, the awarded company will distribute the fuels through the ports of Maputo, Beira, Nacala and Pemba.