Share on Pinterest
Share with your friends










Submit

Malawi Completes Constructing Two Of Three Planned Fuel Reserves

Malawi is one country that has been busy making hay while the sun is still shining. This is with regards to the falling global oil prices. Up to until recently, Malawi had fuel reserves that could only serve the country for less than two weeks should fuel supply be disrupted. The Government of Malawi has been working on a three fuel reserves project in order to increase the country oil storage capacity.

The Government of Malawi has disclosed that it has successfully completed construction of two reserves located in Lilongwe and Mzuzu. The two reserves have a storage capacity of 10 and 25 million liters.  The country’s Minister of Mines, Energy and Natural Resources, Atupele Muluzi, said that the third reserve is expected to be completed by June, 2015.

The project worth MK 60 million will come in handy when fuel supply to Malawi is disrupted. Once, fully completed the three silos will be able to store fuel that can last the country for about 60 days. This will be a significant improvement from the previous two weeks’ worth of fuel reserves.

The Minister said, “These strategic fuel silos are gateway towards boosting the country’s development because they are being constructed in such a way that the country would have fuel of up to three and half months when supply is disrupted.

Currently, we are almost in final stages for the two fuel reserves while the other one is expected to be finalized in the next three months. The adjustments, however, would depend on global commodity price and the stabilization of Kwacha.”

(Visited 66 times, 1 visits today)
Share on Pinterest
Share with your friends










Submit