Politics
Vitol Won Emergency Zambia Fuel Supply Deal That IMF Questioned
Key Points
Vitol Won Emergency Zambia Fuel Supply Deal That IMF Questioned Vitol Group is supplying diesel to Zambia via exclusive access to a pipeline that lasts through September, in an emergency arrangement the International Monetary Fund has urged authorities to end. The government in April froze open access to the conduit that connects Zambia’s copper-rich region to a port in neighboring Tanzania, saying it would ensure supply security, without identifying which company had taken over the...
Vitol Won Emergency Zambia Fuel Supply Deal That IMF Questioned
Vitol Group is supplying diesel to Zambia via exclusive access to a pipeline that lasts through September, in an emergency arrangement the International Monetary Fund has urged authorities to end.
The government in April froze open access to the conduit that connects Zambia’s copper-rich region to a port in neighboring Tanzania, saying it would ensure supply security, without identifying which company had taken over the operation. Speaking on the sidelines of a conference in Cape Town on Thursday, Ephraim Munshifwa, permanent secretary at Zambia’s energy ministry, told Bloomberg that Vitol is now the sole provider via the Tazama pipeline.