Fuel Players Set Terms for Storage Facilities
02.10.2020 By Greta Talmaci - NEWS

February 10, 2020 [Daily Monitor] – Fuel distributor, Vivo Energy, has welcomed government’s initiative to construct fuel storage terminals meant to channel inland fuel products through Lake Victoria saying it could mean reduced cost of doing business as well as curtailment to end user costs on fuel.


The fuel company, however, highlighted terms that need to be addressed before any activity can take place.
“There are quite a number of constraints that these operators and developers have to overcome for us to be able to work with them. Because our standards when it comes to environmental protection and oil spills are very stringent,” Mr Gilbert Assi, managing director Vivo Enegry Uganda, says adding that; already, the company is engaging government to inform them of their needs if they are to use the facilities.


Uganda, through a consortium of investors, Mahathi Infra Uganda Limited, is nearing completion of the 70m-litre fuel storage tanks at Kawuku on the shores of Lake Victoria.


The $270m fuel storage tank is expected to be commissioned this year in April.


According to the Parliamentary Committee report on Natural Resources on the ministerial policy statements and budget estimates for the FY2019/20, Uganda still relies on fuel stocks from the 30 million-litre Jinja-based storage facility and other privately owned facilities for her fuel requirements.


Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial
Click on the button and register to get instant access to actionable tank storage industry data

ONGC Inks Pact with HPCL for Sale of Oil from Mumbai Offshore
09.28.2023 - NEWS
September 28, 2023 [Projects Today]- Oil and Natural Gas Corporation (ONGC) has signed an agreeme... Read More
Enagas Wraps Up Stake Purchase in Germany’s HEH
09.28.2023 - NEWS
September 28, 2023 [LNG Prime]- Spanish LNG terminal operator Enagas has closed the previously a... Read More
Qatarenergy Signs New LNG Ship- Building Agreement Valued at QR14.2 Billion with HD Hyundai Heavy Industries
09.28.2023 - NEWS
September 28, 2023 [Qatar energy]- QatarEnergy signed an agreement with Korea’s HD Hyundai Heav... Read More
Qatar Energy Announces 10-Year Naphtha Supply Agreement with Marubeni Corporation
09.28.2023 - NEWS
September 28, 2023 [Qatar Energy]- QatarEnergy has announced the signing of a long-term naphtha s... Read More