Fuel reserves extend beyond storage facilities, Tanzania clarifies
DAR ES SALAAM, April 1 -- THE Ministry for Energy has clarified that the countrys fuel reserves extend beyond storage facilities within its borders, encompassing supplies in transit and contractual arrangements with international suppliers, amid rising global oil prices.
The clarification comes following recent adjustments announced by the Energy and Water Utilities Regulatory Authority (EWURA), which reflect ongoing volatility in the global oil market.
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According to the ministry, fuel reserves include petroleum products available locally, shipments en route to the country, and volumes secured through supply contracts with oil companies sourcing...
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