Minister Mahlobo meets CEF over crude oil stock probe

Sunday, February 25, 2018

The Department of Energy has confirmed a meeting between to Energy Minister David Mahlobo and his Deputy Minister Ambassador Thembisile Majola with the board of Central Energy Fund (CEF).

The meeting, which was held on Thursday, according to the department was to express their concerns at the failure of the board to submit a conclusive report on the investigations into the sale of Crude Oil Stocks, which has taken 2-years to conclude.

“Both the Minister and Deputy Minister further instructed the CEF Board to meet urgently and submit a conclusive report with identified proposals and clear recommendations on how best to protect the interest of the state,” the department said on Friday.

The report is expected to deal with the role of investigating agencies and the role that they have played in the delay of the investigation. – SAnews.gov.za

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