Business and Technology

Hundreds to lose jobs as Indeni Refinery is placed under care and maintenance

Minister of Energy says the government has decided to put Indeni Petroleum Refinery on care and maintenance a situation that will see some employees lose their jobs.

In a statement, Peter Kapala said the other employees will be reassigned to manage fuel storage depots with Tazama Petroleum Products Limited.

Mr Kapala also disclosed that government has begun the process of reforming the petroleum subsector.

He noted that this resonates with the UPND’s manifesto where it promised that it will restructure the fuel supply chain so as to achieve least cost pricing while ensuring stable supply of petroleum products.

“As you may be aware, the sector has been marred with a lot of inefficiencies which have increased the cost of the various petroleum products,” he said.

Mr Kapala explained that the reforms are aimed at ensuring that there is adequate, reliable and affordable supply of petroleum products in the country.

“The overall objective of the reforms will be to increase security of supply of petroleum products in the nation,” he said.

“Government has begun to look at modalities that will reduce the cost of transporting petroleum products and improve efficiency in delivery petroleum products,”.

He added that government also intends to implement under transportation, the reconfiguring of the Pipeline to enable the pumping of Low Sulphur Gasoil (LSG- Diesel) through the TAZAMA Pipelines as one of the reforms.

He further said products such as Petrol, Jet A1, Liquefied Petroleum Gas (LPG), Kerosene and Heavy Fuel Oil (HFO) will be transported via road as they will no longer be produced by the Refinery.

“Instituting the above reforms in the fuel supply and procurement system will ensure security of supply of petroleum products leading to stability in the market,” Mr Kapala stated.

“Government will promote, with these reforms, transparency and private sector participation in the sector,”.

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