Puma Energy
Puma Energy Logo
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| Majority-owned subsidiary | |
| Industry | Oil and gas |
| Founded | 1997 (acquired 2000) |
| Headquarters | Singapore |
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Area served
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Latin America Africa Europe Middle East Asia Australia |
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Key people
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Graham Sharp (Chairman) Pierre Eladari (CEO) Denis Chazarain (CFO) |
| Products | Petroleum products |
| Services | Refinery, distribution and retail |
| Revenue | US$ 12.7 billion (2015) |
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Number of employees
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7,900 |
| Parent | Trafigura Beheer BV |
| Website | www |
Puma Energy is a mid- and downstream oil company, majority-owned by the Dutch Trafigura and the Angolan Sonangol Group. Its operations span over 49 countries across five continents and encompass the supply, storage, refining, distribution, and retail of a range of petroleum products.
The firm owns and operates more than 2,400 service stations and 7.8 million cubic metres (49 million barrels) of oil storage facilities. The company employs 7,900 staff and is headquartered in Singapore with regional hubs in Geneva, Johannesburg, San Juan, Brisbane, and Tallinn.
The Puma brand was created in Argentina in 1929 by Compañía General de Combustibles (CGC). CGC was founded in 1920 to transport and market crude oil and its by-products around the country. By the end of the decade CGC was operating its own-brand service stations in Argentina under the Puma brand. Between 1930 and 1996 Puma brand’s profile in the Argentinian market increased through an expansion in the number of retail sites and investments in advertising. The Puma brand soon travelled further afield after CGC established Puma service stations in Ecuador, in order to supplement its crude oil exploration activities.
In 1997 Trafigura purchased the rights to the Puma brand ushering in a new phase of development for Puma. The "new" firm was founded in Central America in 1997 as an oil storage and distribution network, and is now active in Latin America, Africa, Europe, the Middle East, Asia, and Australia. It was acquired by Trafigura in 2000. In 2010 the firm announced the acquisition of five retail companies from BP Africa. Since then it has acquired further fuel marketing assets in Central America, the Caribbean, Southeast Asia, and Australia.
The firm has operations in nineteen West, Central and Southern African countries. It entered the African market in Congo-Brazzaville in 2002 before expanding into Ghana. Mozambique, Nigeria, Ivory Coast, the Democratic Republic of Congo, and Angola as one of the largest investors in the sub-Saharan downstream sector. In September 2011 Puma completed the deal to acquire BP's downstream interests in Namibia (100%), Botswana (100%), Zambia (75%), Malawi (50%) and Tanzania (50%) for US$296 million. The deal handed the company a portfolio of retail assets across the five countries, comprising commercial and aviation fuel, lubricants, over 190 service stations, several storage depots and an import terminal.
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Wikipedia