WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2004-09-01 Posted By: Jan
From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 9/1/2004 2:51:34 PM
Fuel queues re-emerge in Zimbabwe
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From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 9/1/2004 2:51:34 PM
Fuel queues re-emerge in Zimbabwe
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Harare – Fuel queues this week remerged in Zimbabwe amid revelations that a fuel procurement facility between the Reserve Bank of Zimbabwe and British Virgin Island registered company Saturn had collapsed over non-payment. Details of the fuel deal between the Reserve Bank and Saturn are still sketchy, but well-placed sources within Zimbabwe’s central bank told ZimOnline that the company last year arranged a US$60 million credit facility which helped ease the country’s four-year old fuel crisis. Zimbabwe’s cash-strapped fuel companies tapped into the facility to pay for imports, but most of the companies had failed to pay back, according to the sources. A senior Reserve Bank official, who spoke on condition he was not named, said: “Saturn has withdrawn from the earlier agreement after realising that most of the companies that accessed earlier facilities failed to own up while the Reserve Bank was not making any effort to assist.” Reserve Bank officials refused to speak about the matter, referring all questions to bank governor Gideon Gono. Gono was not available for comment. The bank last week invited tenders on behalf of the Petroleum Marketers of Zimbabwe (Pvt) Ltd a company that was set up to administer the purchasing of bulk fuel for several companies. The tender was for the supply of 2.4 million litres of petrol and 36 million litres of diesel per month. According to the sources the tender was an attempt by mostly black-owned fuel companies to pool resources to prevent the country from drying up in the next few weeks. The companies last weekend raised fuel prices in what fuel industry players said was an effort to make more cash available for fuel companies. The price of petrol was increased from US$0.57 to US$0.63 per litre at the official exchange rate. Diesel now costs US$0.64 up from US$0.55 per litre. Although Zimbabwe’s fuel supplies have been erratic since 2000, the situation had improved in the last seven months with the country having just enough to keep it going. Queues at filling stations had also disappeared. From Zim Online (SA), 1 September |
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