Mutharika urges Malawians not to mismanage strategic fuel reserves

President Professor Peter Mutharika has urged Malawians and officials managing the Strategic Fuel Reserves in the country not to mismanage the use of the reserves.

Mutharika being shown the site map at NOCMA -photo by Stanely Makuti, Mana

Newly commissioned fuel tanks

Mutharika made the remarks in Lilongwe Wednesday during the commissioning of the National Strategic Fuel Reserves at National Oil Company (NOCMA) Lilongwe depot. The strategic fuel reserves have been constructed in Blantyre, Lilongwe and Mzuzu.

He said the three Strategic Fuel Reserve facilities which have a combined capacity of 60 million litres would ensure security and stability of fuel supply for the country.

“The current consumption trend of fuel is equivalent to two months cover for the country; the country will have enough stock to keep the economy going even when there is disruption in the supply chain system,” he said.

He said the strategic fuel reserves are the benefit of the people assuring he would support any progress aimed at ensuring the stability of the facilities and protect the interest of the country’s people because fuel is the lifeline of this nation.

Mutharika observed that currently there are more people using fuels and that the country’s economy is now moving.

He however, warned the careless construction of filling stations in undesignated places noting that he has seen filling stations constructed in locations where there is no discipline.

Mutharika said: “Some filling stations are constructed too close to the houses which is dangerous. I want to see the authorities act on this matter and ensure that filling stations are constructed and built in safe locations.”

NOCMA Chairperson and Chief Secretary to the Government, Lloyd Muhara and the Minister of Natural Resources, Energy and Mining, Aggrey Masi said Strategic Fuel Reserves are one of the major projects under the Ministry of Natural Resources, Energy and Mining.

The two said the commissioning of the Strategic Fuel Reserves marks the start of a new chapter in the issues that surround the country’s economy.

They said this signifies the Malawi government’s commitment in ensuring secure supply of fuel which is a crucial component of the country’s economy.

“The commissioning of these Strategic Fuel Reserves are an outcome of government’s massive investment in the economy,” said the duo.

The Lilongwe and Blantyre depots each have 25 million litre capacities while Mzuzu’s capacity is 10 million litres.

Registered in 2010, NOCMA’s mandate is to manage the country’s Strategic Fuel Reserve facilities, promote competition in the oil and gas industry and to promote oil and gas exploration activities in order to ensure stability and security of supply of liquid fuel and gas products.

 

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From the World

Leave a Reply

4 Comments on "Mutharika urges Malawians not to mismanage strategic fuel reserves"

Notify of
avatar
Sort by:   newest | oldest | most voted
Morgan
Guest

Let’s listen to the president my fellow Malawians. Why do we mock and insult him at any given time. I don’t support his acts most of the time but here he speaks sense. What’s wrong with us? Of course he is going out but he still is our president for now. Nanunso a president zulo I commented that u really need to pursue dialogue kenako mwatinso palibe angakuopsyezeni. What is that then?

Nachisale
Guest

Well done APM! Kumayamika zinthu zikamayenda. Let these reserves be properly managed.

Mona
Guest

A president Okanika inu muzibaso ndinu nomwe apa mbuzi ya munthu.
The worst president in afRican history munthu osantha ntchito very incompetent. 2019 uzipita ku ndata.

Pathological liars
Guest

Peter Muthalika its your cronies ,not Malawians, who will mismanage these fuel reserves. Thats the challenge that you must leave with by giving strategic govt positions to your kinspeople. They dont have national building at heart, they rather priotise their own benefit & the tribe.

wpDiscuz

More From Nyasatimes