National Oil Company of Zimbabwe enters partnership with Tamoil

Nov 28, 2002 01:00 AM

The National Oil Company of Zimbabwe (NOCZIM) has entered into a partnership with an international company, Tamoil Trading, to establish a company to procure fuel. Energy and Power Development Minister Cde Amos Midzi told Parliament that the new company, Tamoil Zimbabwe, would be involved in the distribution of fuel to retail outlets.
"The proposed arrangement is not different from the joint venture that existed between NOCZIM and Total Zimbabwe," he said. "This company is to be involved in wholesale procurement and distribution of fuel to retail outlets which will carry the Tamoil brand."

Cde Midzi was responding to a question by Ms Priscilla Misihairabwi-Mushonga (Glen Norah MDC) on the fuel agreement between Zimbabwe and Libya. He said the new company would introduce competition in the retail sector and bring a new brand of fuel on the market that would be friendly to indigenous players in the oil sector.
"This brand is well-known in Europe and Egypt and we are confident that it will contribute to the growth of Zimbabwe's petroleum sector," said Cde Midzi. He said there was no interstate agreement between Zimbabwe and Libya for the supply of fuel.
What existed, Cde Midzi said, were commercial fuel supply agreements between NOCZIM and Tamoil Trading. "These are strictly commercial agreements as opposed to interstate agreements," said Cde Midzi. "Fuel supply agreements which underpin every fuel delivery to Zimbabwe are not tabled in Parliament."

Cde Midzi said oil companies sending tankers to collect fuel from the Msasa and Feruka depots would be required to produce receipts from filling stations to ensure the fuel reached the intended destination.
He said the short supply of fuel, especially petrol, was caused by the long distance to the Feruka depot in Mutare where it is being collected. "Petrol is being delivered from Feruka which means the distance is long," said Cde Midzi.
"The situation with diesel is better because we are getting it from the Msasa depot."

Short fuelqueues have resurfaced in Harare since the past few weeks. Most filling stations in the city did not have both petrol and diesel. Motorists expressed concerns that the problem could spill into the Christmas holidays hampering any plans to travel.
Some petrol attendants at filling stations around town said the root of the problem was the erratic supplies. "We have not received any petrol or diesel since last weekend and we are not aware of what the problem is. We are just waiting hoping something will come soon," one petrol attendant at a filling station in the city said.

Source: The Herald
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« July 2020 »
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events