STRATEGIC FUEL STORAGE FACILITY: A PILLAR OF ENERGY SECURITY AND ECONOMIC STABILITY
This visit reflects Lesotho’s commitment to building a robust energy infrastructure that enhances its energy security and economic resilience. As a landlocked country, Lesotho faces unique challenges in maintaining a steady supply of fuel. Establishing a strategic fuel storage facility is crucial for mitigating supply disruptions and improving energy independence. Such a facility would provide […]
A joint efforts to combat smuggled petroleum products
The Petroleum Fund, in partnership with government agencies, is taking a strong stance against the smuggling and illegal importation of petroleum products in Lesotho. One of the main strategies currently under development is to introduce an integrated system that will verify the volumes of imported fuel at the entry borders. The successful implementation of this […]
Petroleum Fund Equips Law Enforcement Officials with Industry Knowledge
The Petroleum Fund, in collaboration with the Department of Energy, convened a capacity-building workshop for thirty-three (33) members of the Lesotho Mounted Police Services (LMPS) on 26 September 2024. The workshop aimed to provide LMPS members with essential information on Fuel Pricing Compliance and Safety, Health, and Environmental standards at Filling Stations. In her opening […]
PETROLEUM FUND EQUIPS LIPHAKOE COMMUNITY TO PRIORITISE SAFETY
The Petroleum Fund, in collaboration with the Department of Energy, undertook a Consumer Education Roadshow at Lower Moyeni in Quthing on Friday, 28th of June 2024. The Fund continues to raise safety awareness. The goal is to ensure that consumers are adequately informed about the safe use of Petroleum Products in their daily activities, especially during […]
The Petroleum Fund Collaborates with MDAs for the Greater Impact
In implementing the Petroleum Fund Corporate Plan for the 2024/25 Financial Year, the Acting CEO of Petroleum Fund, Adv. `Makananelo Kome led a team of officials to Mafeteng, Botha Bothe, and Quthing to build mutual collaborations with Ministries, Departments, and Authorities (MDAs). The objective of the visits was to establish a mutually beneficial partnership with […]
THE OIL INDUSTRY STAKEHOLDERS MEETING – 22ND FEBRUARY 2023
MASERU- Under the aegis of the Petroleum Fund, leaders of Lesotho’s downstream oil industry met to discuss matters of mutual interest, which have an impact on security of supply of petroleum products in the country. The meeting acknowledged the importance of constant consultations, bearing in mind the high volatility of the oil markets, against the […]
THE OCCASION OF THE INTRODUCTION OF THE MOBILE FILLING STATIONS IN LESOTHO – 17TH NOVEMBER 2022
WELCOME REMARKS BY THE PETROLEUM FUND’S CHIEF EXECUTIVE OFFICER, MR. THATO MOHASOA Good morning everyone who is attending this event – both physically and through online platforms. We are delighted that you could join us at this Stakeholders Forum, to share thoughts about one of the most exciting business prospects that the Fund intends to […]
THE ANNOUNCEMENT OF THE PETROLEUM INDUSTRY NUL ESSAY AWARDS 2022 WINNERS
Post a call by the Petroleum Fund for 3rd and 4th year students of the National University of Lesotho (NUL) to submit essays for Petroleum Industry Essay Awards 2022, the following students made it to the top 3 respectively: Bokang Maruping, Thato Mapesela, ‘Mathai Ramahlele. Congratulations to the Winners. Petroleum Fund Staff Celebrates with the Winners of […]
THE OCCASION OF THE MULTI-SECTORAL HYBRID WEBINAR – 19TH AUGUST 2022
In particular, I wish to express our gratitude to our panellists for taking the time off their busy schedules, and apply their minds on the topic: The Petroleum Fund at the Helm of Enhancing the Business Sector: Can We Harness the Petroleum Fund as a Resource or Partner in Economic Emancipation? We cannot wait to hear your authoritative views on this subject!
PETROLEUM FUND’S FUTURE PRAGMATIC APPROACH TO ENSURING SECURITY OF SUPPLY OF PETROLEUM PRODUCTS IN LESOTHO – BY MR. THATO MOHASOA (CEO)
The Lesotho Energy Policy (2015-2025) seeks to provide a strategic direction that the country should follow in the energy sector, noting the pivotal role that energy plays in driving socio-economic development of Lesotho. In particular to petroleum products, this policy provides mandate to address, among other things, issues around importation, storage, distribution, investment and consumption. […]