SEYPEC charts regional growth with strategic partnerships, sustainability goals
The Seychelles’ state oil company, SEYPEC, is key to the national economy. Its infrastructure holds supplies sufficient to cover up to six months of local demand as part of its role supporting fuel security and affordability. Those priorities inform its current strategy, which sees the company deepening ties with the UAE and adding sourcing options in East Africa. In parallel, the 2026 to 2030…
Seychelles' state oil company, SEYPEC, plays a crucial role in the national economy, with infrastructure capable of meeting up to six months of local fuel demand. A strategic plan for 2026-2030 aims to boost the company's regional profile by deepening ties with the UAE and expanding sourcing options in East Africa. SEYPEC is investing in solar power and transitioning to low-sulphur fuel as marine standards evolve.
CEO Captain Adrian Mondon discussed the company's goals, including increasing visibility in the Western Indian Ocean and being a leader in cost-effective, sustainable growth. The UAE remains a key supplier of petroleum products, except for LPG, and SEYPEC is working on a business continuity plan to diversify suppliers. Human development is a priority, with strong talent retention and succession planning across all departments.
SEYPEC's reputation can positively impact Seychelles, attracting investors interested in the country's commitment to the environment, the blue economy, and renewable energy.
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