NOCMA TO DOUBLE FUEL RESERVES BY 2025

By  Aamon Butao 

National Oil Company of Malawi (NOCMA) has revealed plans to double its Strategic Fuel Reserves storage capacity from 60 million litres to 120 million litres by 2025.

This has been revealed during a half day media training on fuel and gas reporting which NOCMA organized in Lilongwe on Friday.

Speaking during the media training deputy chief executive officer for the National Oil Company of Malawi Hellen Buluma said the development comes following increased fuel demand from 1 million litres per day to 1.7 million litres per day.

Buluma said this is also being done to align Malawi with the SADC protocol on fuel storage for land locked countries.

According to Buluma, construction of the new tanks has been earmarked to commence in the 2022-2023 fiscal year depending on the availability of funds.

She however said the construction of Strategic fuel Reserves started in 2013.