National Oil Company of Malawi (Nocma) Limited and Petroleum Importers Limited (PIL) say they need $740 million (over K740 billion) for fuel imports this financial year. Representatives of the two fuel importers told the Parliamentary Committee on Natural Resources and Climate Change during a meeting in Lilongwe yesterday that they are targeting to import a
In a desperate attempt to end the recurrent fuel crisis, mostly resulting from forex shortages, Malawi Government has devised several measures to ensure security of supply, including negotiating to pay suppliers in local currency. Speaking in Blantyre on Friday during a public engagement on fuel supply organised by Malawi Energy Regulatory Authority (Mera), Minister of
National Oil Company of Malawi (Nocma) has awarded two fuel contracts to Addax Energy SA and Augusta Energy and is yet to finalise discussions with two other suppliers for the 2023/24 contracts. In an interview on Thursday, Minister of Information and Digitalisation Moses Kunkuyu said the two new suppliers have already started loading the commodity
Malawi is expecting a total of twenty one million liters of petrol this week to address the current fuel shortage. According to Moses Kumkuyu, minister of in
Government has blamed the National Oil Company of Malawi (Nocma) and forex shortage for the fuel scarcity in the country, arguing that the State-owned company delayed processing of the 2023/24 fuel supply contracts. Minister of Information and Digitisation Moses Kunkuyu told a press briefing in Lilongwe yesterday that contracts of two suppliers expired in August