Madagascar Ends Private Hold on Oil Imports With Tanker Arrival

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessMadagascar Ends Private Hold on Oil Imports With Tanker ArrivalMadagascar expects the arrival of a shipment of diesel to be used by the state power company, ending a quarter-century hold on oil product imports by a group of private companies.Author of the article:Eric Laperozy and Antony Sguazzin You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Madagascar expects the arrival of a shipment of diesel to be used by the state power company, ending a quarter-century hold on oil product imports by a group of private companies.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Sunda 1, a tanker traveling from China, will this week dock in the Malagasy port of Toamasina, Energy Minister Radonirina Lucas Rabearimanga said in a speech at the facility. Jirama, the state-owned utility, will use the diesel to run power plants. The arrival of the ship brings to an end an arrangement in place since the turn of the century where a group of companies including TotalEnergies SE ran tenders and had sole rights to import fuel. The government has passed legislation to take over that function.“This procurement, carried out by the Malagasy government, will enable Jirama to ensure a stable and sustainable electricity supply for several months,” Rabearimanga said. It’s arrival is “bringing an end to the monopoly that previously existed,” he said.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSevere power outages contributed to Madagascar’s deadly civil unrest in October that led to a coup.Another tanker, ordered by the companies and carrying other products, will also arrive this week, Rabearimanga said.Talks will be held at the Galana storage facility, owned by Rubis Energie SAS, in Toamasina to arrange for the storage and distribution of the two cargoes, he said. Sign up here for the daily Next Africa newsletter and subscribe to the Next Africa podcast on Apple, Spotify or anywhere you listen.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.