EACOP vs Lamu pipeline

[Geza Ulole]

Amini unachoamini,pengine hujui hata mkuu wa majeshi wa Rwanda na mkuu wa police wa huko walikua hapa Tz wiki 2 zilizopita wakikutana na Mabeyo na Sirro kujadili yasiyojulikana na pengine hujui rais wa Msumbiji mwezi uliopita alikua Kigali akiongea na Kagame namna ya kusaidiwa kupambana na magaidi huko Msumbiji.

Anyway,tufanye macron amekuja kufanya huo mradi unaosema.

Mozambique: Nyusi flew to Rwanda for talks with Kagame; fight against terrorism at the top of the agenda – Watch​

6:19 CAT | 29 Apr 2021
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Screen grab: TVM

The Mozambican President, Filipe Nyusi, flew to Rwanda on Wednesday for talks with his counterpart Paul Kagamé in Kigali, a meeting which served for Mozambique to understand Rwanda’s experience in combating terrorism in Central Africa, TVM reports today .

“We had a discussion about Rwanda’s experience in combating terrorism and violent extremism. Rwanda has an important role in Central Africa, together with United Nations forces, so we wanted to understand what the experience has been like,” said the Mozambican Head of State, moments after the visit to the Rwandan capital on Wednesday, quoted today by Television of Mozambique.

During the meeting, Filipe Nyusi expressed his openness to receive support in the fight against terrorism in Cabo Delgado, but reiterated that the responsibility for protecting the country’s sovereignty rests with Mozambicans.

“This is a war driven by a lot of efforts and with different interests. We left the message to our brother [President Paul Kagamé] that we are open to all support, but we would not like the support to be imposed on Mozambicans”, stressed Nyusi.

The two heads of state addressed other topics, with an emphasis on the peace process and the management of the Covid-19 pandemic.

The visit, President Nyusi said, was also an opportunity to ask for Rwanda support for Mozambique’s candidacy for a non-permanent seat at the United Nations Security Council.

Mozambique: Nyusi flew to Rwanda for talks with Kagame; fight against terrorism at the top of the agenda - Watch

The Mozambican President, Filipe Nyusi, flew to Rwanda on Wednesday for talks with his counterpart Paul Kagamé in Kigali, a meeting which served for Mozambique to understand Rwanda's experience in combating terrorism in Central Africa, TVM reports today . "We had a discussion about Rwanda's exp

clubofmozambique.com

 

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Vizuri sana,endelea kutodhania.

Sijaona Rwanda kwenye list!

Tanzania will not send troops to Mozambique

Tanzania will not send troops to Mozambique to counter insurgents in gas rich Carbo Del Gado Province which is close to the border between the two countries.

www.thecitizen.co.tz

 

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May 28, 20212:10 PM CEST

Sustainable Business​

We're TotalEnergies: French oil major gets green rebrand​

Benjamin MalletSarah White



4 minute read

2/2
French oil and gas company Total Chief Executive Officer Patrick Pouyanne attends a shareholders meeting in Paris, France, May 24, 2016. REUTERS/Charles Platiau/File Photo

Oil and gas group Total (TOTF.PA) won more than 90% backing for its climate plan to gradually reduce its emissions on Friday, when shareholders also voted overwhelmingly in favour of its rebrand as TotalEnergies to mark its shift to renewable energy.

Some shareholders had campaigned to reject Total's green goals as not ambitious enough, echoing growing investor rebellions in the sector.

Demands for oil companies to speed up the shift from fossil fuel reached a crescendo this week as a Dutch court ordered Royal Dutch Shell (RDSa.L) to greatly increase greenhouse emission cuts and Exxon Mobil (XOM.N) battled with an activist investor over its record on climate change. read more

Total's climate strategy, which lays out its aim to reach carbon neutrality by 2050, was backed by 91.88% of shareholders voting at its annual meeting.

"This outcome is, I think, the best response to commentators who predicted, and in some cases even hoped for an investor rebellion against the company, and responds to those who act more as activists than shareholders," Chairman and Chief Executive Patrick Pouyanne said.

The rebranding, which takes effect immediately, was backed by 99.88% of votes.

Total is investing in a pivot towards renewable energy with solar or wind power projects.

It is seeking to derive revenues from electricity production, and reduce its reliance on oil products, including with staggered targets to 2030, and mirroring moves by rivals to try to cut emissions.

'GREEN ENERGY MAJOR'
Pouyanne said he wanted the company to become a "green energy major", but said a more radical shift would not be appropriate as the company needs to fund its transition from revenues derived from fossil fuels.

The International Energy Agency has said new fossil fuel projects must stop this year if the world wants to reach net zero carbon emissions by the middle of the century, a faster pace than envisaged so far by oil producers, including Total.

"Without new oil projects, global oil production is set to naturally drop by about 4% to 5% every year," Pouyanne told the shareholder meeting, while oil demand was projected to only start tailing off from 2030. "Without new oil projects, it's highly likely that oil prices would reach new highs," he said.

Non-governmental organisations and some investors spoke out against what they saw as an overly conservative approach.
Bruce Duguid, head of stewardship at the governance advisory arm of asset manager Federated Hermes, which holds shares in Total, said he had not supported the transition plan.

"The challenge is there's just not sufficient evidence it's aligned with the Paris goals," he said, referring to the U.N. accord on curbing climate change.

Lucie Pinson, founder and executive director at Reclaim Finance, a non-governmental organisation, accused Total of greenwash and said its shareholders had "voted willingly for climate chaos".

Our Standards: The Thomson Reuters Trust Principles.

We're TotalEnergies: French oil major gets green rebrand

Oil and gas group Total (TOTF.PA) won more than 90% backing for its climate plan to gradually reduce its emissions on Friday, when shareholders also voted overwhelmingly in favour of its rebrand as TotalEnergies to mark its shift to renewable energy.

www.reuters.com

From 1:47:00 EACOP is being explained but in French!

https://aka-voda.akamaized.net/total/1543597_6082b6de70622/

 

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Under pressure, Total changes its name and tries to convince itself that it does enough for the weather​

Logan Leo 1 week ago 3 min read

Total, one of the five global “super majors”, is preparing to change its name to Total Energies to represent its diversity, but in the face of growing pressure, it is struggling to convince investors that it will do enough for the climate.

The oil and gas giant, which now also invests in wind and solar power, is holding its annual general meeting on Friday the 28th.

Shareholders will have to vote on a very symbolic resolution: the change of identity of the company, founded in 1924 under the name of Compagnie Franైois des Patrols, as Total Energies.

“The group affirms its desire to transform itself into a multi-energy entity to meet the double challenge of energy transformation: high energy, low emissions,” explained CEO Patrick Powan, whose mandate must also be renewed. Three years at GA.

Like its European counterparts, and unlike the American giants, it is thriving on total reproducibility and wants to accelerate. In 2021, the company will allocate more than 20% of its net investment for renewables and electricity.

The group is under increasing pressure from conservationists and now investors to work harder to tackle climate change.

The International Energy Agency (IEA) has asked the world to “forget” any new oil or gas exploration project “now” to curb global warming.
The Board of Total Board of Directors, which is anxious to show that it is not passive on these issues, is presenting a climate resolution this year.

Last year, eleven investors (La Banque Postal Asset Management, Credit Mutual, MySchert, etc.) proposed a resolution to force Total to pursue more ambitious climate goals.
https://queenscitizen.ca/2021/03/29...be-created-by-the-new-fruit-processing-plant/
Struggling with management, it was rejected by shareholders, but still garnered 16.8% of positive votes.

At the shell, the resolution in favor of more ambitious goals – and did not support management – received only 30% of the vote.

New project in Uganda
At this point, Total 2050 is moving forward by promoting 2030 goals on the path to carbon neutrality.

The so-called “Scope 3” perimeter is totally committed to the energy products used by its customers (such as gasoline burned in cars), for example, to ensure that emissions worldwide fall by 2030 to 2015.

Criticizing the management’s decision, the NGO condemned Greenpeace and Reclaim Finance’s “diversion strategy” and “the total effort made to counter shareholders’ decision on the environment.”

Lucy Pinson, founder of Reclaim Finance, was quoted as saying, “We are not at the forefront of a transformation,” quoting his new hydrocarbon production projects.

Overall, for example, recently signed contracts for a large oil project in Uganda. It has re-launched a major gas project in Papua.

She also describes poorly described objectives and resources: “It is not only dangerous for the environment, it is also dangerous for the shareholders’ portfolio because they cannot predict the risks associated with their investments”.

Many investors – light in capital but influential in some – have also announced that they will vote against or abstain from the resolution they have passed: OFI Asset Management and Management Company MySchert AM, asked to stop exploring new oil and gas fields.

“I think we still have a lot of stakeholders to accept the essence of this matter and to target the margins of progress that are still needed to come to terms with the Paris Agreements,” SRI Director of Research Judge é Reilly Boudouin told Mischert AM.

Credit Mutuel chose abstinence as “what is needed for the future”, with the goal of “reducing oil production and halting exploration activities for new oil fields.”

https://queenscitizen.ca/2021/05/21/under-pressure-total-changes-its-name-and-tries-to-convince-itself-that-it-does-enough-for-the-weather/

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In a show of low confidence, 32.37 percent of Standard Bank shareholders voted against the re-election of group chairperson, Thulani Gcabashe, during the company's 52nd annual general meeting (AGM) held virtually yesterday. Picture: Karen Sandison/African News Agency(ANA)

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Standard Bank accelerates new era changes at board level​

By Dineo Faku

15h ago

JOHANNESBURG - IN a show of low confidence, 32.37 percent of Standard Bank shareholders voted against the re-election of group chairperson, Thulani Gcabashe, during the company's 52nd annual general meeting (AGM) held virtually yesterday.

Gcabashe and Standard Bank have faced pressure from shareholder activism and environmental rights groups who want the group to abandon the funding of projects that are detrimental to the environment in Mozambique, Tanzania and Uganda.

One of the groups, Just Share, believed that reasons for the votes against the Gcabashe were likely to emerge in the coming months when asset managers released their voting rationales and records.

“It will be interesting to see whether this unusually high level of votes against the re-election of a sitting chair is in part a reflection of shareholder dissatisfaction with the bank's handling of climate risk,” said Just Share.

At yesterday's AGM, shareholder and environmental rights activist organisations raised their concerns about the bank's proposed financing of the East African Crude Oil Pipeline (EACOP) which is a 1 445 kilometre pipeline that stretches from Tanzania to Uganda.

The activists argue that the EACOP, if built, threatened the environment, communities, wildlife and the planet. They also highlighted the human rights impacts of the pipeline on affected communities, activist intimidation, and how the International Energy Agency's recently-published Net Zero by 2050 scenario would impact the bank's fossil fuel financing decisions.

The shareholder activists questioned the group about Total's Mozambique Liquefied Natural Gas (LNG) project where Standard Bank is one of the banks providing finance for this project and also the climate competency of the Standard Bank board.

However, Standard Bank chief executive Sim Tshabalala said lenders to the project, including Standard Bank, had ensured that the Mozambique LNG project had adhered to international environmental industry standards, including the Equator principles.

“Lenders ensured that the project design included the technology to minimise greenhouse gas emissions such as zero routine flaring.

“In our view, the role of gas as a transition fuel was definitely a consideration in the lending decision and cannot be excluded from our responses to this question.

“The Mozambique LNG project is crucial to promote coal to gas switching in power generation,” said Tshabalala.

Gcabashe who was appointed as group chairperson at the end of the company's 2015 AGM and is a seasoned executive having served as Eskom chief executive between 2000 and 2007 and previously chairing the MTNZakhele and Imperial Holdings boards.

Gcabashe opened yesterday's AGM with a statement confirming that the bank would publish, with its 2021 reporting to shareholders, a climate strategy and short, medium and longterm targets to reduce its exposure to fossil fuel assets on a timeline aligned with the Paris goals.

This followed last week's meeting between the bank and the co-filers, including Just Share, of a non-binding climate risk-related shareholder resolution, which the bank declined to table earlier this month.

“At the meeting, Standard Bank confirmed its intention to publish a climate strategy in accordance with the request in the resolution, and confirmed that it is not opposed to the filing of non-binding resolutions by shareholders,” Just Share said.

dineo.faku@inl.co.za
BUSINESS REPORT

Standard Bank accelerates new era changes at board level

In a show of low confidence, 32.37 percent of Standard Bank shareholders voted against the re-election of group chairperson, Thulani Gcabashe, during the company's 52nd annual general meeting (AGM) held virtually yesterday.

www.iol.co.za

 

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Total SE: Oil & Gas Giant With 6.4% Dividend Set to Break Out on Economic Recovery​

By John Whitefoot, BA| May 27, 2021

• 
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Advertisement

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TOT Stock Bullish; Up 14% in 2021​

With a market cap of $123.5 billion, you’d be hard-pressed to say that Total SE(NYSE:TOT) is an overlooked energy giant. But it’s not exactly a stock that gets discussed around the water cooler.

That’s probably because the company is based in Paris, France, and most American investors tend to focus on North American oil and gas stocks, like Exxon Mobile Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), or Marathon Oil Corporation (NYSE:MRO).

Not looking outside North America could be a mistake, though. There are many excellent integrated oil and gas companies (businesses that explore, produce, refine, and distribute oil and natural gas) that provide investors with strong capital appreciation and Federal Reserve-busting dividends. Total SE is one of them.

It’s one of the largest oil and gas companies on the planet. As an integrated oil and gas juggernaut, Total SE has its fingers in every corner of the industry. Active in more than 130 countries, it operates through four business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. (Source: “First Quarter 2021 Results,” Total SE, April 29, 2021.)

Total SE is the world’s second-largest privately owned liquefied natural gas (LNG) company, with a global market share of about 10% and a global portfolio of nearly 50 metric tons per year by 2025. (Source: “India: Total Signs 5-Year LNG Supply Agreement With Arcelormittal Nippon Steel,” Total SE, May 20, 2021.)

The company’s operating costs are about $5.00 per barrel of oil, with an organic cash breakeven point at $26.00 per barrel. (Source: “Why Invest In Total?” Total SE, last accessed May 26, 2021.)

Total SE makes major announcements on a regular basis, but there are a few recent standouts that point to the company’s long-term growth potential.

Multi-Billion-Dollar Deal for Energy Projects in Iraq​

In March, Total SE signed a deal with the Iraqi Oil Ministry to make a multi-billion-dollar investment in four energy projects in the southern part of the country. The four projects, which are estimated to cost more than $7.0 billion, are related to natural gas, solar energy, and seawater processing. (Source: “Iraq Signs Agreement With Total for Four Energy Projects,” Reuters, March 29, 2021.)

In one of the projects, the company will construct a natural gas production facility that’s expected to produce 300 million cubic feet of gas per day. The capacity will double following a second phase of development.

Total SE will also take over a seawater injection project capable of initially treating 2.5 million barrels of seawater per day. The project is crucial to the development of oilfields in southern Iraq, which are responsible for the majority of the country’s production.

A third project will see the company help ramp up production from the Artawi oilfield from 60,000 to 200,000 barrels of oil per day.

A fourth project will see Total SE construct a one-gigawatt solar power plant to help Iraq increase its renewable energy generation.

Resources Project in Uganda & Tanzania​

In April, Total SE announced that it signed the final agreements to launch its Lake Albert resources project in Uganda and Tanzania. (Source: “Uganda and Tanzania: Final Agreements for the Lake Albert Resources Development Project,” Total SE, April 12, 2021.)

Project partners include China National Offshore Oil Corporation, Uganda National Oil Company Limited, and Tanzania Petroleum Development Corporation.

The broader Lake Albert project includes the Tilenga and Kingfisher upstream oil projects in Uganda and the construction of the East African Crude Oil Pipeline in Uganda and Tanzania.

The Tilenga project is operated by Total SE, while the Kingfisher project is operated by China National Offshore Oil Corporation. Together, they will produce 230,000 barrels of oil per day. The pipeline will transport oil from Uganda to the Port of Tanga in Tanzania, which is on the eastern side of Africa.

The pipeline construction will cost $3.5 billion, which Total SE is building in partnership with China National Offshore Oil Corporation. The entire project will cost about $5.1 billion.

The project’s first oil exports are expected to take place in early 2025.

5-Year Liquefied Natural Gas Agreement​

In May, Total SE and ArcelorMittal Nippon Steel signed a five-year agreement to supply up to 500,000 tons of LNG per year until 2026. (Source: Total SE, May 20, 2021, op. cit.)

The LNG will be sourced from Total SE’s global portfolio and offloaded at terminals on the west coast of India. ArcelorMittal Nippon Steel will use the LNG to run its steel and power plants in Hazira, Gujarat state.

Reliable, High Dividend Yield​

The aforementioned projects, and dozens of others, have helped provide Total SE with the cash flow necessary to provide one of the best high-yield dividend stocks in the industry. Total SE stock currently pays an annual dividend rate of $3.09, for a yield of 6.4%.

Management’s goal is to continue to provide TOT stock investors with a high dividend yield, no matter the economic cycle.

The company’s attractive gross annual dividend yield over the last 10 years has been above five percent and averages 5.8%.

The company has been able to guarantee these kinds of high dividend payouts because it’s a money-making machine. For the first quarter of 2021, it reported net income of $3.3 billion, or $1.23 per share. That was above its net income in the pre-COVID-19 first quarter of 2019. The company’s first-quarter 2021 cash flow increased to $5.8 billion, from $4.2 billion in the same prior-year period. (Source: Total SE, April 29, 2021, op. cit.)

The Lowdown on Total SE​

Total SE stock is one of the most reliable stocks in the integrated oil and gas industry.

Thanks to the company’s massive international presence, projects under development, and solid balance sheet, TOT stock continues to reward investors with large share-price gains and reliable, high-yield dividends. With the global economic recovery expected to take hold in 2020, the outlook for this dividend stock looks bright.

Total SE: Outlook Is Bullish for This High-Dividend Oil & Gas Play

Total SE (NYSE:TOT) is one of the most reliable oil and gas stocks. Its balance sheet and international presence makes it a top high-yield dividend play.

www.incomeinvestors.com

 

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• ELECTRIC POWER | NATURAL GAS | OIL | PETROCHEMICALS
• 28 May 2021 | 19:20 UTC

ANALYSIS: Big oil, stung by activist campaigning, not yet out for the count​

• Author
• Nick Coleman Eklavya Gupte
• Editor
• Paul Hickin
• Commodity
• Electric Power, Natural Gas, Oil, Petrochemicals

HIGHLIGHTS
Key role for oil companies given oil demand growth potential
Low-cost OPEC oil seen having long-term advantage
Majors' big project expertise still being called upon
Global oil and gas producers, facing a pummeling from environmental activists and shareholders, can rely at least for a while on persistent oil demand and a need for their expertize and scale, even as pressure increases for them to diversify.

​

Recent days have seen an upsurge in pressure on the global oil majors, with activist investors securing changes to the board of directors at ExxonMobil, and Chevron compelled by shareholders to set tougher long-term emissions targets.

Shell has been ordered by a Dutch district court to accelerate its emissions reductions, while in the same week its French rival changed its name to TotalEnergies to reflect its transition goals.

Opinions vary as to the gravity of such moves. Royal Bank of Canada analyst Biraj Borkhataria said of the Dutch ruling: "We would assume there are likely multiple years of appeals and long arduous court battles over this case, plus many others to come... so we won't bother giving much weight to the ruling."

And investment bank Jefferies questioned activists' ability in the courts to pin causation for climate change directly on oil and gas companies, as well as the Dutch court's sway outside the Netherlands.

In its central, most-likely-case scenario, S&P Global Platts Analytics sees global oil demand rebounding from pandemic-induced lows into 2023, and then growing structurally, though slowly, through to 2040, led by economies such as China and India, albeit some growth is in "non-emitting" areas such as petrochemicals.

Not that the oil and gas majors are insensitive to the need to change. BP chief executive Bernard Looney has embraced the idea of reductions in demand, partly on the back of the pandemic, and plans a 40% cut in the company's upstream production by 2030.

All the big oil companies are diversifying into areas such as LNG and renewable electricity. "The pandemic I think only adds to the challenge for oil in the future," Looney said in April 2020.
This could open opportunities for companies elsewhere facing less pressure from activists, Dmitry Loukashov, equities analyst at Russia's VTB Capital, said.

"These events are not isolated and are likely to be followed by further pressure on oil companies to decarbonize," he said in an investor note. "This might provide some advantage to Russian oil companies... However, it could well further undermine Western investors' appetite for traditional oil exposure in general, and investments in Russian oil shares."

Investor antipathy means the sector is likely to shy away if it can from the kind of massive spending projects seen in previous decades. A case in point is the $45 billion expansion at Kazakhstan's Tengiz field, led by Chevron, expected to lift output levels to 1 million b/d of oil equivalent.

Platts Analytics, under an alternative 2 Degree Outlook, sees the oil and gas majors' traditional business models increasingly challenged, noting "higher cost oil production would be displaced first, with only the lowest cost producers (largely OPEC) continuing to produce oil over the long-term."

So while oil majors may be more cautious in investments in oil projects in both size and scale, their role will still likely be shaped by the needs of the oil consumer.

Size advantage​

On paper, the oil majors' equity share of production accounts for a little over 10% of the global oil market. But while there is increasing expertise among both national companies and large independents, the majors support sizeable additional volumes of production on behalf of others in politically sensitive locations or at challenging fields such as Iraq's Rumaila or Kazakhstan's super-giant Kashagan and Tengiz.

The Tengiz expansion, with some 25,000 workers deployed at the remote site, may seem unusual, but other oil and gas majors have also been making clear their continued commitment to oil, and in some cases quite large projects.
BP on May 27 signed a new production partnership deal for its Clair heavy oil field in the UK West of Shetland area, a field thought to have decades of productive life in it.

And TotalEnergies' CEO Patrick Pouyanne was in Uganda in April to give the go-ahead for the new Lake Albert oil project, expected to cost some $10.5 billion and entailing a cross-border pipeline to Tanzania's coast.

The overall project, he said, is "consistent with our strategy to focus on low-breakeven oil projects while lowering the average carbon intensity of [Total's] upstream portfolio" and will also create "significant in-country value for both Uganda and Tanzania."

ANALYSIS: Big oil, stung by activist campaigning, not yet out for the count | S&P Global Platts

Global oil and gas producers, facing a pummeling from environmental activists and shareholders, can rely at least for a while on persistent oil demand and a need for their expertize and scale, even as

www.spglobal.com

 

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OIL & GAS / AFRICA / REFINING

Tanzania to follow Namibia for Matrix​

Malvin Chiwanga’s Matrix Petroleum has recently set out a plan to enter Namibia, while next up is Tanzania.
By Ed Reed
26/05/2021, 6:00 am

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Malvin Chiwanga’s Matrix Petroleum has recently set out a plan to enter Namibia, while next up is Tanzania.
Chiwanga established the fuel wholesaler in 2018 in response to the fuel problems of Zimbabwe.
“I’m a Zimbabwean, I have roots on the ground, I understand the shortages,” Chiwanga told Energy Voice. “There are fuel crises in Africa but it has also been a big issue in America, with the shutdown of a pipeline system.”
Matrix supplies Zimbabwe by securing a cargo of products at Beira. It then releases fuel into pipelines which are then collected by fuel retailers.
Shortages of foreign currency have complicated operations in Zimbabwe. The country “is really complicated, you have to find ways of working round the system, it’s a challenge,” he said.
Expansion has followed.
“Everyone wants to be number one,” Chiwanga said. “We are working with locals to focus on the economy, while others focus on profits. The way I look at is that it’s important to secure petroleum markets in Africa now. By 2030, it’s going to be all [electric vehicles] in Europe. All the petroleum companies will be working in Africa.”

Namibia​

There was a strong economic incentive behind expansion. “It’s a numbers game making margins,” Chiwanga said. “We branched out into South Africa, into Botswana, all over the Southern African Development Community (SADC) and finally landed in Namibia.”
Chiwanga noted Namibia’s pro-business attitude, highlighting respect for property rights and a stable operating environment.
“We want to focus on areas where corruption is less and use Namibia as an example for the world. It’s not just about knowing someone, we can do business without cutting corners,” he said.
“It is also a strategic country to access other countries in the SADC region when it comes to fuel distribution because of its access to a port facility,” he said. It offers routes to Zambia, Congo Kinshasa, Zimbabwe and Botswana.

Namcor has recently taken ownership of the National Oil Storage Facility (NOSF), in Walvis Bay. “We aim to create work,” Chiwanga said, saying the company would employ 1,500 people in the region.

Next steps​

“We’re contributing to the economy of Namibia and we will grow from there.” Tanzania will be the next stop for Matrix. Chiwanga said he had begun working towards a Tanzanian expansion.
The executive suggested authorities may look to increase scrutiny of fuel specifications.
“In Africa it’s not really about the quality, as long as it makes the car move. Some people buy fuel from us to mix with ethanol. I feel it is wrong, but I am not the one who makes the rules. I can only supply what is needed,” Chiwanga said.
The executive played down some of the more eyebrow raising reports around how Matrix started. Chiwanga noted that he had come across a friend who worked in the petroleum industry. They had started sharing ideas, “only to realise he was in a position to help me set up”.
Fuel supplies may be Matrix’s present, but the future lies in renewables, Chiwanga said.
“I’m not expecting it to be a walk in the park but I’m ready to take it on. Going green has always been the way forward,” he said. “Namibia is the starting
Home | Energy Voice. Growth will come from there and then across Africa

 

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Lets wait and see...

 

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