Fuel - Mauritius news

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

Indian Oil enregistre une baisse de 7% de ses bénéfices à Maurice

Si le ravitaillement en carburants pour avions se porte bien, celui des navires est en régression pour Indian Oil.

16 May 2011, motors.mega.mu

IndianOil Mauritius profit down 7%

"We have two or three more filling stations coming out shortly"

13 May 2011, business.mega.mu

Mauritius to have biogas plant soon

The project is designed based on anaerobic digestion

10 May 2011, business.mega.mu

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, Escol reach agreement on petroleum gas pricing

Mauritius will consume 125,000 tonnes of gas per year by 2025

04 May 2011, business.mega.mu

Petrol prices rose on the world market

The oil has commanded the highest price in the last two years

04 May 2011, business.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: 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

Hedging on fuel: Bank overdrafts will cost Rs 250 million to STC

The State Trading Corporation (STC) has used loans and bank overdrafts to finance the Rs 4.7 billion losses from hedging on the performance of petroleum products. Interest payable on these transactions amounted to Rs 250 million.

21 Apr 2011, motors.mega.mu

Rs 750 million to build three fuel storage tanks

The State Trading Corporation has started negotiations with the financial sector in conjunction with the construction of three fuel tanks in the port area following the approval of Cabinet on 18 March. This project, costing Rs 750 million, will be materialized by the end of 2013, told the Le Matinal a source familiar with the matter.

14 Apr 2011, motors.mega.mu

Fuel Mauritius