STC Mauritius

Private Notice Question - STC: difficult baptism of fire for Michael Sik Yuen

For its first Private Notice Question (PNQ), the new Minister of Commerce has been busy. The Opposition has shown aggressive, especially on the losses incurred by the State Trading Corporation (STC) on the "hedging" fuel for which the user must pay.

17 Jun 2011, motors.mega.mu

Consumer to pay RS 4.7 bn hedging loss

The population will have to pay hedging losses amounting to Rs 4.7 billion in addition to the accrued interest of about Rs 250 million.

15 Jun 2011, motors.mega.mu

STC plans to import a new type of diesel

The new type of fuel will be in line with international standards.

01 Jun 2011, business.mega.mu

STC to introduce low sulphur fuel in 2011

The State Trading Corporation (STC) plans to import a new type of diesel by 2012 to reduce air pollution. The new type of fuel will be in line with international standards. The aim is to reduce the sulphur content in fuel from 500 to 50 parts per million (ppm). The STC has already started negotiations [...]

01 Jun 2011, The Independent Daily

Tanker Betamax: More fear than harm for a maiden voyage

Petroleum products transported to Port Louis by the MV Red Eagle, the tanker Betamax Ltd have suffered no contamination by spoilage. The landing of the MV Red Eagle goes as planned so far.

31 May 2011, motors.mega.mu

A smokeless diesel against pollution

Stopping the vehicle smoke. For this, the State Trading Corporation (STC) plans to import a new type of diesel from 2012.This fuel will be more in line with international standards.

31 May 2011, motors.mega.mu

STC : aucune contamination des produits pétroliers

Ouf de soulagement pour la State Trading Corporation. Le rapport d’analyse de la Société générale de surveillance (SGS) n’a détecté aucune trace de contamination des produits pétroliers en provenance de Mangalore Oil Refinery à bord du tanker Red Eagle de la compagnie Betamax.

30 May 2011, motors.mega.mu

Petroleum contaminated - ACIM: Loss of Rs 40 million

The losses incurred by the State Trading Corporation after infection of 1 000 tonnes of fuel amounted to Rs 40 million, according to the Consumer Association of Mauritius (ACIM).

25 May 2011, motors.mega.mu

Tanks to store 15,000 tons of fuel

A gain soon in the fuel sector. The State Trading Corporation (STC) will soon be able to build tanks to store some 15,000 tons of fuel.

23 May 2011, motors.mega.mu

Inquiry into impure fuel from MRPL

Tuesday, MMM MP Reza Uteem raised the question about the consignment of contaminated petroleum products that arrived on the island on April 22.

19 May 2011, motors.mega.mu

MRPL to sue Reza Uteem

Officials from Mangalore Refinery and Petrochemicals Ltd (MRPL) have said that they will take action against MMM MP Reza Uteem.

10 May 2011, motors.mega.mu

MRPL to sue Reza Uteem

Officials from Mangalore Refinery and Petrochemicals Ltd (MRPL) have said that they will take action against MMM MP Reza Uteem. This decision comes after Uteem had alleged contamination of fuel. Uteem said, “We have to diversify our sources of supply. It seems Mangalore has supplied us contaminated fuel.” According to sources, MRPL has already contacted [...]

09 May 2011, The Independent Daily

Oil prices soar on the world market

The price of oil hit $ 125.12 a barrel on the world market Tuesday, its highest level in two years

04 May 2011, motors.mega.mu

STC will pay Rs 475 for storing a ton of gas

The State Trading Corporation (STC) has come to an agreement with the company Escola, which belongs to Total and Shell, after several months of negotiations. If before, STC paid Rs 1284 for storing a ton of gas before, now that it will pay Rs 475, said a senior official of the agency at Morning.

04 May 2011, motors.mega.mu

STC: activities "troubling" of 2008 to 2010

Chassez le naturel, il revient au gallop. The State Trading Corporation (STC) is again haunted by his past.

02 May 2011, motors.mega.mu

STC likely to be dismantled

The government has initiated the first step leading to the dismantling of the State Trading Corporation (STC) by 2014

29 Apr 2011, business.mega.mu

STC: dismantling programme in phases

The first steps towards the dismantling of the State Trading Corporation (STC) have been initiated – that has become known from sources. The government gave its approval to the STC to go ahead with the construction of three fuel tanks in the harbour area in Port Louis. Two pipelines will also be set up in the project.

29 Apr 2011, motors.mega.mu

Recovery of loss of "hedging" by the STC - Pillay wrote to Berenger

Extremely rare. The Chief Executive Officer (CEO) of a parastatal body wrote to the Leader of the Opposition to light his lantern.

27 Apr 2011, motors.mega.mu

Petroleum products: A commission investigation on the STC from unionists

The Common Front calls for a commission of investigation against the State Trading Corporation (STC). According to members of this front, the major importer of petroleum products would not act transparently.

23 Apr 2011, motors.mega.mu

Mauritius State Trading Corporation (STC) was losing $115 per oil barrel in 2008-2009

The decision to opt for hedging was taken on July 22, 2008

22 Apr 2011, business.mega.mu