- The Forensic Report has been completed and will 6e tabled before the Board of Directors of CEF for adoption and submission to the Minister.
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The assertion of government is that the:
- volume in barrels is - 10 300 000 barrels of Crude Oil.
- average cost in dollars per barrel is - $63.99
- value of the counFy’s strategic fuel reserve currently is - Ma‹tet Value USD 659 Million
3.The Policy on Stock Rotation is being formulated
4. No stock rotation of strategic fuel reserve was undertaken in 20f8-19 financial year.
(b) (i) For 20\&17, (ii) 2017-18 and (iii) 2018-19 financial year them was no stock rotation.