Our Journey
Learn more about our story and journey ...
About Us
Exor Petroleum is Mozambican energy company operating on the downstream refined petroleum products market for over 20 years. We were one first private companies with local majority shareholding operating in this space in the country.
Exor operates from the main ports in Mozambique and distributes to the southern, central and northern parts of the country, currently servicing some of the biggest companies operating in Mozambique and the region. Exor has also been involved in international trading operations in the major fuel classes.
Our Story
The brand name Exor is derived from an existing oil company with common shareholders operating in Zimbabwe since 1999. In 2012, Exor Holdings from Zimbabwe and Petromoc Mozambique established a joint venture company named PetromocExor. PetromocExor operates depots, service stations and related activities in petroleum, lubricants and fuel distribution and is one of the major petroleum companies in Zimbabwe.
Exor uses these synergies to provide our clients with integrated services that cover not only Mozambique and Zimbabwe but all SADC region.
Our main shareholders
Exor Holdings is wholly-owned Zimbabwean company with investments in a group of companies involved in Agriculture, Mining, Tourism, Real Estate and Energy.
Hirize is a Mozambican company with investments in Energy, Mineral Resources, Real Estate, Oil & Gas Services and IT.
LOOKING INTO THE FUTURE
Mozambique is on its way to becoming the next great LNG player in the word, with more than 125 trillion cubic feet of natural gas reserves discovered since 2010. It’s expected that in the mid-2020s more than 30mmtpa of LNG will come on stream.
Cabo Delgado is now home to Africa’s three largest LNG projects: the Mozambique LNG Project (Total) worth approximately $20bn, Coral FLNG Project (ENI and ExxonMobil) worth $4.7bn, and Rovuma LNG Project (ExxonMobil, ENI and CNPC) worth $30bn. The country will receive $95 billion of revenue over 25 years from these natural-gas deposits – more than seven times larger than its gross domestic product.
At Exor, we expect that companies providing goods and services across the entire value chain, including electricity generation, fertiliser production, methanol, liquid fuels, as well as investments in key sectors such as education, healthcare and agriculture, will contribute to transforming the country and its people.
That is why we are currently investing in the expansion of our retail network, employing more technology and reorienting our services to enhance customer experience. We also are investing in the diversification our energy portfolio to take advantage of a growing and evolving marketplace.
The future is exciting and we assure you, we will be playing our part.