The state-owned company Ports and Railways of Mozambique, one of the largest Mozambican business conglomerates, has begun operations to provide maritime support to the oil and gas sector via its subsidiary CFM Logistics in the port of Nacala
Mozambique has the third largest natural gas reserves in Africa, estimated at 180 million cubic feet, and currently has three development projects approved to exploit the natural gas reserves in the Rovuma basin, classified as among the largest in the world, off the coast of Cabo Delgado.
CFM Logistics will provide support to oil companies in the onshore and offshore oil and gas research and production phase, and the launch of its operations began at the port of Nacala, in the northern province of Nampula, involving the acquisition of two ASD tugboats and two pilot boats from Damen Shipyards.
With almost 130 years of activity, CFM, sees the activity of this subsidiary as an excellent opportunity to expand and diversify the scope of its activity, renewing services and building new infrastructures or rehabilitating and expand existing ones to meet the needs and demand for logistics in the oil and gas industry.
CFM Logistics is the answer to the challenges that are continually presented by concessionaires, contractors, subcontractors and other partners, and would be the guarantor of the implementation of the strategy to promote local content within that industry, in employment and association with national private companies. This will represent an unequivocal sign of the participation of Mozambicans in the oil and gas sector value chain and the consequent retention of value in the country, the same being possible in the context of local content
Executive Logistics are proud to be part of the Local National Content development plan and will continue to support and assist CFML in expanding their maritime capacity
