Thu, 08 Dec 2016 09:55:08 +0000 By Sandra Machima THE bio fuels industry risks losing US$120 million should Government go ahead and effect its decision to exit itself from the procurement of petroleum products, an energy expert Johnstone Chikwanda has warned. Mr Chikwanda has said Zambia should learn a lesson from countries such as Nigeria, Benin, Togo, Ghana and Ivory Coast which had banned ‘dirty’ fuels from Europe. He said several African governments decided to disengage from fuel procurement and left oil marketing companies (OMCs) to import fuel for themselves from sources of their choice, saying such should not be the case in Zambia. Mr Chikwanda said the Government should not exit itself without proper exit plans. “It may appear simple but it is not, for instance, “how are we going to implement the bio-fuels project which is meant to save Zambia over $120 million in forex per year should we allow all OMCs to […]
