Eswatini seeks to extend fuel reserves to 90 days
By the AFREEQUE newsroom, based on Times of Eswatini
King Mswati III has called for Eswatini’s strategic oil reserve storage capacity to be increased from 60 to 90 days. The project, estimated at about 5.2 billion emalangeni and planned to hold nearly 80 million litres, is intended to protect the kingdom against supply disruptions, according to the monarch.
Eswatini’s King Mswati III has called for the storage capacity of the kingdom’s strategic oil reserves to be increased from 60 to 90 days, the Times of Eswatini reports. He said larger stocks would strengthen the country’s energy security against disruptions to global supply.
Work on the strategic reserve project has already begun. Mswati III wants it to provide greater protection for the economy against fuel shortages, external supply shocks and volatility in international markets, according to the Times of Eswatini.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
