Deadlock over oil licences
BY FIDELITY MHLANGA
A rift has emerged between indigenous fuel companies and the Zimbabwe Energy Regulatory Authority (Zera) over oil importation licence fees, minutes of meetings involving the entities obtained by Standardbusiness have revealed.
To be granted authority to operate, oil companies are required to pay retail and fuel importation licence fees, in addition to meeting several conditions.
Zera last year announced a new licensing regime that included production of proof that potential licence holders have previously imported at least 10 million litres, much to the chagrin of indigenous players.
They are also required to have at least 15 refuelling stations.