Vivo Energy to increase share in aviation fuel market

Vivo Energy, Shell’s exclusive licensee to distribute and market its products, says it is ready to increase its footprints in the aviation fuel market.
This it hopes to do by looking at the increasing demands for transport and cargo services and capitalising on it to expand its market share.

“In Ghana, we are already present in aviation; we sell fuel for aviation and we intend to grow it,” the Chief Executive Officer of Vivo Energy, Mr Christian Chammas, told the GRAPHIC BUSINESS in an interview.

Aviation business, he said, was growing all over the continent due the increasing demand for transport services.

“That is a big segment, and we would go for it.”

Vivo Energy is the company that was formed by Vitol, Helios Investment Partners and Shell across Africa, operating in 16 African countries.

Africa he said was a fast growing continent and their shareholders would invest in excess of US$250 million over the next three years to take advantage of this growth.

“Ghana is an important market and a growing economy which is set to benefit from significant developments in the energy sector,” he said at an earlier press briefing.

Vivo Energy, he said, had acquired a business with great potential; a high calibre workforce, quality assets and a large and diversified customer base and was looking forward to serving all their customers and investing in the business to realise its full potential.

The Managing Director of Vivo Energy Ghana, Mr Fred Osoro, said the company’s service stations would continue to operate with the Shell brand despite the takeover.

By Jessica Acheampong/Graphic Business/Ghana