Feruka oil refinery deemed unviable

Government plans to resuscitate the Feruka Oil Refinery in a e bid to ease fuel shortages have hit a brick wall after industrial experts condemned it.

An expert from the National Oil Infrastructure Company of Zimbabwe (NOICZ) told Energy Minister Dzikamai Mavhaire last week during a tour of the refinery that importing oil was cheaper than resuscitating the refinery.

“The refinery was shut down around 1966. The plant is now aged and does not have the capacity to meet market demands. More attention is needed with regard to the electrical components that need servicing. But, studies and researches done long back showed that it is not viable to operate the refinery,” said Tendai Dzenga from NOICZ.

In an interview on the sidelines of the tour Mavhaire said he would do extensive research at the refinery. “We want to know what needs to be done and come up with possible monetary requirements to run this plant,” he said. The revelation has dealt a heavy blow to hundreds of job-seekers in the eastern border city who had pinned hopes of getting employment once the oil plant was reopened.

Post published in: Economy
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