PTAZ clinches another fuel importation deal

Mon, 12 Feb 2018 08:59:53 +0000

By BENNIE MUNDANDO

THE Petroleum Transporters Association of Zambia (PTAZ) has clinched another fuel importation deal from Tanzania and Mozambique worth US$5 million with ER Industries International Energy Resources, facilitated by the Ministry of Energy to run up to March 2018. 

PTAZ secretary general Benson Tembo yesterday said the deal was a show of Government’s commitment towards wealth creation in the subsector which he said will help the local companies grow their capacities.

Mr. Tembo said Government had once against demonstrated consistency in helping the subsector actualise its business potential which will not only help in capacity building among local transporters but will also add to employment opportunities for the local people.

“We are happy to announce that the Zambian fuel transporters have yet again signed a contract for transportation of imported fuel from Dar-Es- Salaam and Beira to TAZAMA depots in Zambia worth US$5 million to run up to March 2018. This is a very progressive move initiated by our Government,

“This goes to show that Government is determined to create wealth in the subsector, grow capacity of the local fuel transporters, and give job opportunities to the Zambian people,”said Mr Tembo.

He thanked the Government through the Minister of Energy David Mabumba for the consistency and support rendered to the subsector

He called upon more Zambians to take advantage of such initiatives and invest in the subsector as it had great business opportunities that would help their enterprises grow.

“We wish to thank the CEO of ER Industries International Energy Resources for the confidence and support that he has shown to the Zambian transporters. On our part, we shall do everything possible to deliver the products within the stipulated time,” he said.

He said as a result of good, progressive and consistent policies, new companies had joined the subsector and that PTAZ’s vehicle asset financing facility with Stanbic Bank and FNB was progressing well.

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