Tanzania draws up strategy to ensure adequate fuel stock

barrel eziomanThis move of the Nigerian government is aimed at making certain that the economy had enough oil available at all times. (Image source: ezioman/Flickr)The Tanzanian government has plans to introduce a Strategic Petroleum Reserve (SPR) to ensure the country has an adequate stock of fuel at all times

Energy and minerals deputy minister, George Simbachawene, informed the Tanzanian National Assembly that the move was aimed at making certain that the economy had enough oil at all times, especially to meet all demands in case of emergencies.

The Ministry of Energy and Minerals has also been considering a review of regulations guiding Bulk Procurement System (BPS) towards efficiency of the scheme for the national interest.

The deputy minister said the recent shortage of petroleum was caused by inefficiency by the Petroleum Importation Coordinator (PIC), an entity charged with coordinating importation of oil through BPS.

“At present, the government has been forced to restructure the PIC Board of Directors to address challenges that have afflicted the industry,” said Simbachawene.

He added that joint efforts were underway between the Ministry of Energy and Ministry for Transport to increase the speed of single point mooring to improve oil discharging capacity at the port of Dar es Salaam.

The deputy minister had earlier indicated that poor discharging infrastructure at the port was also among the factors that led to the shortage.

He added that the existing facility, the Kurasini Oil Jetty’s capacity had been overwhelmed by increased demand for oil for both local and international markets.

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