Household gas: STC Petroleum sets up a separate board of directors

The Council of Ministers approved, on Friday, the constitution of the board of directors of STC Petroleum Company Ltd, with the appointment of Tejanand Dewoo as Part-time Chairperson. This decision is part of the structuring of an entity called upon to manage a strategic asset linked to the supply of household gas in Mauritius.

Tejanand Dewoo is not his first appointment to public organizations. Last May, he was already appointed part-time chairman of the Price Observatory Committee. Holder of a BSc in mathematics, a PGCE, an MSc in human resources management and an MA in education, he was headmaster at Bocage International School.

His career also includes a stint in municipal politics as mayor of Curepipe in 2000 under the banner of the Labor Party, as well as the presidency of the Agricultural Marketing Board. He was also the election agent for his son, Shakti Dewoo, during the 2025 municipal elections.

The establishment of this board of directors comes in the wake of the acquisition, last September, of Petredec (Mauritius) Ltd by the State Trading Corporation for an amount exceeding 20 million US dollars (more than Rs 930 million). Until then, the gas storage infrastructure was operated under a rental agreement with the Petredec group, based in Singapore and present in Mauritius for 14 years.

According to the authorities, this acquisition now allows the Mauritian State to strengthen its direct control over a key link in the liquefied petroleum gas (LPG) supply chain, used in particular for domestic cooking. The infrastructure concerned has storage capacity essential for the country's energy security.

STC Petroleum Company Ltd operates as a sister entity of STC, with operational autonomy, while remaining under its supervision. Until now, governance rested with the STC board of directors. The decision to provide the subsidiary with a separate full-fledged Board aims to strengthen its management and efficiency, in a context where the State intends to optimize the benefits of this strategic investment.

The authorities also believe that the transition from a rental model to full ownership of the infrastructure will, in the long term, make financial gains and ensure better price stability for consumers.

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