Puma Energy Zambia Expands Lusaka Depot with Major Storage Capacity Project
Puma Energy Zambia has marked a significant milestone with the inauguration of Phase 1A of its Lusaka Depot Storage Capacity Expansion Project, a key step in a US$13 million investment to strengthen the country’s fuel supply chain.
The upgraded depot, located at Puma Energy’s Head Office on Mungwi Road, is expected to handle an annual product turnover of nearly 293 million litres once fully operational. The Deputy Secretary to Cabinet – Finance and Economic Development, Mr Siazongo Siakalenge, officiated at the event, with Puma Energy’s Global Chief Executive Officer, Mark Russell, also in attendance.
Phase 1A of the expansion, completed in June 2025, adds two state-of-the-art tanks with a capacity of 1.1 million litres each, designated for Jet A1 fuel and diesel. Phase 1B, due for completion by the end of 2025, will introduce two larger tanks, each capable of storing 2.5 million litres of diesel and petrol. Phase 2, scheduled to follow, will add a further two tanks of similar capacity, boosting the depot’s total storage to 12.2 million litres.
Speaking at the ceremony, Mr Russell highlighted the importance of regional collaboration to ensure energy security. “As Zambia’s economy continues to expand and energy demand rises, regional cooperation is critical for overcoming major constraints such as berth capacity at Beira and, in the longer term, Dar es Salaam,” he said. “Diversification, including the option of Walvis Bay in Namibia, will unlock opportunities for a more resilient supply chain.”
Guest of Honour Mr Siakalenge congratulated Puma Energy Zambia, stressing the importance of private sector investment in petroleum infrastructure. “Our country depends entirely on the importation of petroleum products to satisfy fuel requirements. The fact that Government has achieved 100% private sector participation in petroleum imports reflects the confidence we have in our private sector,” he said.
Puma Energy Zambia General Manager, Mr Zwelithini Mlotshwa, underscored the company’s commitment to local development and accountability. “As the only oil marketing company listed on the Lusaka Stock Exchange, with 25% of our shares owned by the Zambian public, we remain deeply committed to transparency and national engagement. This progress has been made possible by strong public-private partnerships and the supportive environment created by Government,” he said.
The Lusaka Depot has long been central to Zambia’s fuel distribution network, ensuring reliable access to petroleum products nationwide. With demand on the rise, Puma Energy’s phased expansion reflects a broader commitment to innovation, operational resilience, and sustainable growth.
