Petredec to divest Petredec (Mauritius) to STC
Published by Ellie Brosnan,
Editorial Assistant
Tanks and Terminals,
The transaction marks an important milestone for both organisations, with STC as the trading arm of the Government of Mauritius, responsible for procurement, storage, and commercialisation of LPG among other selected strategic products.
Jonathan Fancher, Chief Commercial Officer at Petredec Group, said: “We are grateful to our partners at STC, the Mauritian authorities, and our teams for their professionalism throughout this process. This agreement reflects our shared commitment to a smooth transition and continuity of service for the people and businesses of Mauritius. Petredec remains fully committed to the Indian Ocean region. We will continue to expand, invest in infrastructure, and further our commitment to unlocking access to cleaner energy for cooking to those that need it most.”
Dr. Takesh Luckho, Chairperson of STC, added: “STC has decades of proven expertise as Mauritian trusted importer of LPG within the petroleum-related activities. The LPG terminal is not just an industrial facility – it is a critical piece of national infrastructure that underpins energy security for every household and business in the country. By acquiring Petredec (Mauritius) Ltd, STC is strengthening direct national ownership of this strategic asset, ensuring uninterrupted supply, price stability, and the long-term safeguarding of a product that is essential to daily life in Mauritius. This transaction builds on our established track record and affirms our responsibility to guarantee a secure, resilient, and reliable energy future for the nation.”
Read the article online at: https://www.tanksterminals.com/terminals/30092025/petredec-to-divest-petredec-mauritius-to-stc/