Home Business E5bn oil reserve project unlocks new business opportunities
Business

E5bn oil reserve project unlocks new business opportunities

Share
King Mswati III recently unveiled a 3D model of Eswatini’s upcoming Strategic Oil Reserve Facility. The latest developments to the project is that ENPC recently issued request for proposals for the provision of technical consultancy services. (File pics)
Share

MBABANE – The ongoing construction of the Phuzumoya Strategic Oil Reserve Facility (SORF) is opening another major wave of lucrative opportunities for local and international businesses.

This follows the release of a fresh consultancy tender by the Eswatini National Petroleum Company (ENPC). The latest development marks another important milestone in one of Eswatini’s largest and most strategic infrastructure investments, a project expected to transform the country’s fuel security, stimulate economic activity and strengthen national resilience against global fuel supply disruptions.

ENPC recently issued a request for proposals (RFP) for the provision of technical consultancy services for the construction of the Strategic Oil Reserve Facility located at Phuzumoya in the Lubombo Region.

The consultancy procurement process comes as construction activities are already underway on the multi-billion-Emalangeni project, which officially commenced in January 2026 and is expected to continue until the end of 2028.

According to details contained in the tender documents, the Strategic Oil Reserve Facility will have a total fuel storage capacity of 80 million litres. The facility will comprise four 10-million-litre diesel tanks and four 10-million-litre unleaded petrol tanks.

The SORF will also include sophisticated fuel-handling infrastructure to support both rail and road transportation of petroleum products.

Fuel will be delivered to the facility through rail and road transport systems, prompting the construction of loading and off-loading gantries together with a dedicated rail siding.

The integrated transport and storage infrastructure is expected to improve fuel handling efficiency, while reducing supply bottlenecks and logistical vulnerabilities.

The facility is designed to provide strategic fuel reserves capable of sustaining Eswatini for up to 60 days based on the country’s average monthly demand of approximately 30 million litres.

The storage tanks will also accommodate commercial stocks for fuel wholesalers operating in Eswatini together with ullage for ENPC’s own trading stocks.

The massive infrastructure project is being financed and constructed through bilateral cooperation between Eswatini and Taiwan.

Estimated at approximately E7 billion, or about US$380 million, the project has been described as the largest bilateral cooperation initiative between the two countries.

The scale of the investment highlights the growing strategic economic relationship between Eswatini and Taiwan, particularly in the areas of infrastructure development, industrial cooperation and economic modernisation.

The facility is expected to secure fuel reserves lasting between 60 days and three months, significantly improving the country’s preparedness against external fuel supply shocks.

The newly issued consultancy tender is expected to attract considerable interest from local and international engineering and project management firms.

According to the tender documents, the objective of the assignment is to support ENPC in providing oversight and quality assurance during the execution of the construction of the Strategic Oil Reserve Facility.

*Full article available on Pressreader*  

Share
Written by
Nhlanganiso Mkhonta

Nhlanganiso Mkhonta serves as Business Editor at the Times of Eswatini. He reports on business, economics, finance, investment, entrepreneurship and public policy, producing insightful coverage and analysis of the issues driving Eswatini’s economy and the wider African business environment.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Maloma Colliery calls for calm as wage talks continue

MBABANE - Maloma Colliery Ltd has offered employees a cumulative nine per cent salary increase over two years, but wage negotiations have reached...

DNA plan could swallow E126m of Home Affairs budget

MBABANE – Making DNA testing compulsory before issuing birth certificates could cost taxpayers about E126 million annually, enough to fund free Grade I...

Swazipharm blames ministry delays, commits to compliance

LOBAMBA – After being implicated in the delivery of medical drugs that were later recalled, prominent pharmaceutical supplier Swazipharm has reaffirmed its commitment...

Eswatini girls shine at Dance World Cup finals

MBABANE - Eswatini’s young ambassadors represented the nation with flawless charm at the ongoing Dance World finals in Ireland. Talent and Motion shared...

Shembe forgives Zulu King after video fallout

MBABANE – Members of the Nazareth Baptist Church in Eswatini have rallied behind His Holiness Unyazi Lwezulu Shembe after he publicly forgave Zulu...

Related Articles

FNB takes SME support directly to regions

MBABANE – FNB Eswatini is expanding its support for the country's small...

FDI inflows plunge to E810m in 2025

MBABANE – Eswatini attracted approximately E810 million (US$45 million) in foreign direct...

EIPA defers 2nd Investment conference

MBABANE – Government has postponed the highly anticipated second edition of the...

Tribunal clarifies insurance tax rules in landmark ruling

MBABANE – The Revenue Appeals Tribunal Eswatini (RATE) has delivered yet another...