Government has commended Puma Energy Zambia for being a leading marketer in the petroleum sub sector.
Deputy Secretary to the Cabinet for Finance and Economy, Siazongo Siakalenge, says Puma has demonstrated a true partner by investing in the energy sector.
Mr Siakalenge says Puma is helping Zambia’s economy to grow and attain her Gross Domestic Product through constant supply of fuel in the country, alongside creating jobs for the local people.
ZANIS reports that the Deputy Secretary to the Cabinet disclosed this when he launched the U$D13 Million Puma Energy Lusaka depot fuel storage expansion phase-one project.
“I’m optimistic that continued collaboration between the government and the private sector on the petroleum sub-sector will ensure fuel security in the country to have a ripple effect and keep the wheels of the nation turning.
“I commend Puma Energy Zambia for the massive investment in the energy sector,” he said.
And speaking earlier, PUMA Energy Global Chief Executive Officer, Mark Russell, said Puma Energy Zambia has embarked on the expansion of its Lusaka fuel depot to bolster its operational resilience whilst strengthening Zambia’s energy infrastructure.
Mr Russell highlighted that the increasing demand for petroleum not only in Zambia has necessitated his company to modernise, innovate, invest and construct the project.
Meanwhile, Puma Energy Zambia General Manager, Zwelithini Mlotshwa, disclosed that the company will produce 300 million litres on an annual basis in ensuring that petroleum products reach various sectors of the economy efficiently and reliably.
Mr Mlotshwa said Puma Energy is positioning itself to be Zambia’s major fuel chain supplier following the construction of the two new state-of- art fuel tanks, situated in Mungwi, Lusaka’s industrial area.
He stated that the expansion project of phase one is at 70 percent and once completed in December this year, it will significantly expand the depot’s operational capacity.
“This will translate in an increase from its current 3.4 million litres to 9.2 million litres, and ultimately increase to 12.2 million litres upon successful completion of phase-two next year,” he stated.
English – is this “Lusaka Deport Storage Capacity” or “Lusaka Depot Storage Capacity”? If “Deport”, who is being deported, to where and why?
Yaba, Ba LT, Microsoft Word has options to check meanings of a word. “Depot as in Yard” NOT DEPORT that’s to extradite or send someone back to their home country.
Back to business: What economic growth will this bring? How many Jobs will be created? or will this reduce the pump price of fuel in Puma outlets? Tell us.
What are you going to store. There is fuel shortages daily in the country.