EconomyLocal News

GOVT URGED TO BUILD MORE OIL RESERVES

By NAMO PHIRI

An Energy expert has called on government to build more oil reserves which will enable the country to have adequate stocks that will last for longer period of time.

Boniface Zulu said currently there are no enough reserves making the country vulnerable.

Mr Zulu said it is prudent for  the country to have capacity to hold oil for over 4 months.

He said doing so would help stabilize the economy when the world faces challenges of oil shortages.

Mr Zulu added that there was need for better initiatives to be able to withstand challenges that may come in the oil sector such as the current war between Russia and Ukraine.

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