Deputy CEO for National Oil Company of Malawi ( Nocma) Helen Buluma has today refused to disclose the current fuel stocks in the strategic reserves arguing it is a security issue .
Buluma and her team are appearing before committee on Industry, Trade and Tourism to explain on the fuel situation in the country.
According to Buluma the country risks being attacked if such information is made public.
She has also refused to commit on when exactly the fuel shortages being experienced will normalise but was quick to add that Nocma has secured some foreign exchange from commercial banks to keep supply flowing.
Said Buluma:” At least 72 trucks are in transit to Malawi and Nocma is also sourcing for more financing but forex shortage remains a big challenge.”
Buluma has disclosed that some days ago she was in Saudi Arabia to negotiate for direct supply of the commodity from a state owned company Aranco.
