Zitamar Daily Briefing, 1 June 2018
Welcome to Zitamar’s daily Mozambique briefing for 1 June, 2018. Agenda Today: Moza Banco shareholder…
Browsing: fuel
Mozambique airline turns to Puma Energy to smooth BP fuel shortage
Mozambique’s national airline, LAM, says its fuel crisis this week is due to its supplier, BP, running out of fuel - but not because it owes BP money.
BP re-started supplying LAM in February, having cut off [...]
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Shell puts down $2 million to pursue GTL plant in Mozambique
Anglo-Dutch oil major, Shell, signed a memorandum of understanding (MOU) with the Mozambique government on Monday to build a 38,000 barrel per day gas-to-liquids plant, which will produce synthetic diesel, naphtha and kerosene, and 50-80 MW of power to the [...]
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IMF warns Mozambique’s continued borrowing threatens new programme talks
Mozambique’s progress towards a new programme with the International Monetary Fund is “proving challenging” as the country’s government continues to enter into new loan deals and is not moving fast enough to renegotiate its existing debt stock, the IMF’s [...]
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IMF joins calls to end Mozambique fuel subsidies
The International Monetary Fund (IMF) has called on Mozambique to reform its fuel subsidy system - a move that will be vital in the struggle to put Mozambique’s foreign debt back on a sustainable path.
On Tuesday, [...]
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Fuel shortages in central and northern Mozambique ‘should end this week’
The centre and north of Mozambique continue to have fuel shortages, despite government statements saying that the situation would be back to normal by the end of last week.
Disruptions to Mozambique’s fuel supply [...]
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Mozambique promises end to fuel shortages by end of today
The Mozambique government promised on Monday that fuel supplies will return to normal by the end of the day, after a weekend of shortages in areas including the country’s capital.
Moisés Paulino, head of the fuels [...]
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Petromoc JV with international oil trader brings bunkering to Maputo port
Mozambique’s state-owned petroleum company, Petromoc, has partnered with a Geneva-based oil trading firm to provide bunkering services to ships using the Port of Maputo.
A new joint venture, Petromoc Bunkering [...]
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Mozambique decrees three days of mourning after tanker explosion kills 56
Mozambique will begin three days of mourning on Saturday, 19 November, after at least 56 people were killed and more than 100 were injured by a petrol tanker explosion in Tete province on Thursday, 17 November.
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