Business
Errant petroleum firms to be shamed publicly
Publish Date: Jul 03, 2014
Errant petroleum firms to be shamed publicly
Vivo Energy Group Chief Executive officer Christian Chammas with Commissioner Petroleum Supply John Friday as the Vivo Energy Uganda Managing Director Hans Paulsen looks on at the Launch of the 10 million litre capacity tanks in Namuwongo. Photo by Nicholas Oneal
  • mail
  • img
newvision

By Billy Rwothungeyo

THE government is moving to publicly shame oil companies that fail tests in the Fuel Marking and Quality Monitoring Programme.

“Effective this month, all players who will fail the tests will in addition to paying the usual fines, be published in the print media and on the ministry’s website,” said John Friday, the Assistant Commissioner for Petroleum Supply in the Energy ministry.

Friday made the remarks on Thursday in Kampala at the commissioning of ten million litre capacity tanks by Vivo Energy Uganda, the firm that runs Shell service stations in Uganda.

The marking of fuel is mainly done at customs entry points of Malaba, Busia and Mutukula by the Uganda National Bureau of Standards (UNBS) in partnership with the ministry.

Vivo Energy Uganda Managing Director Hans Paulsen with the Vivo Energy Group Chief Executive officer Christian Chammas at the Launch. Photo by Nicholas Oneal

The adulteration, smuggling and dumping of transit fuel are rampant in the Ugandan market.

Saturday urged other firms to follow in Vivo’s capacity a boost their capacity of their storage facilities.

“Because we are landlocked, it is imperative that we have stable supply to avoid shortages,” he said.

He invited Vivo and other players to store their products in the recently refurbished government facilities in Jinja. The facility has a storage capacity of 30 million litres.

Commissioned in the 1970s, the reserve has been dilapidated since 2007 until Hared petroleum and government rehabilitated recently through a Public Private Partnership (PPP) arrangement.

Hans Paulsen, the Vivo Energy Uganda managing director said with the new facility, the firm has moved to 25 days of stock capacity.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Peter Ssematimba reinstated in the disputed Muyenga Club management
THE Supreme Court has confirmed a ruling in which the Court of Appeal upheld the High Court ruling, restoring Super FM Radio proprietor and managing director, Peter Ssematimba into the Muyenga Club....
Museveni to engage Kenyatta over continued blockage of Ugandan exports
President Yoweri Museveni has promised to engage Kenyan president, Uhuru Kenyatta, over continued blockage of Ugandan exports, an action that contravenes the East African Community (EAC) treaty....
Women conference to address business networking challenges
The conference, which opens on Thursday, will focus on devising means of confronting key challenges that hinder women from fully exploiting their potential....
Apple market value hits $700 bn
A rise in Apple shares Tuesday pushed the market value of the trend-setting US tech icon above $700 billion, becoming the first company to hit that milestone....
82 Ugandan companies enter EAC market
Eighty-two new small to medium Ugandan companies have managed to break into the East African market since 2009, according to the Uganda Exports Promotions Board (UEPB)....
Merck buys rights to NewLink
US drugmaker Merck has bought the rights to an experimental Ebola vaccine being developed by NewLink Genetics, the companies have said....
Should Govt lease parts of Lake Victoria to private developers?
Its Ok
No Way
Not Sure
follow us
subscribe to our news letter