{"id":71879,"date":"2025-06-06T06:38:58","date_gmt":"2025-06-06T06:38:58","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal"},"modified":"2025-06-06T07:02:04","modified_gmt":"2025-06-06T07:02:04","slug":"finance-ministry-taiwan-exim-sign-oil-reserve-deal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal","title":{"rendered":"FINANCE MINISTRY, TAIWAN EXIM SIGN OIL RESERVE DEAL"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eswatini. <\/strong><\/span><b>Eswatini has sealed a historic agreement with the Export-Import Bank of the Republic of China (Taiwan) for the financing of its first-ever Strategic Oil Reserve Facility.<\/b><\/p>\n<p>Minister of Finance, Neal Rijkenberg, signed the milestone financing agreement that will pave the way for constructing a fuel storage facility capable of shielding the Kingdom from global supply shocks.<\/p>\n<p>The agreement represents more than just bricks, mortar, and fuel tanks\u2014it is a symbol of Eswatini\u2019s rising ambition to chart a self-sufficient, secure, and forward-looking path in the energy sector. The Strategic Oil Reserve Facility will allow the country to store substantial quantities of petroleum products, providing a crucial buffer in times of international price volatility, regional disruptions, or geopolitical instability.<\/p>\n<p><b>A Game-Changer for National Energy Security<\/b><\/p>\n<p>\u201cThis project is a game-changer,\u201d declared Rijkenberg during the signing ceremony. \u201cWith this strategic reserve, we are not only ensuring fuel availability during times of crisis, but we are also sending a strong message to investors, development partners, and citizens that Eswatini is preparing for the future with vision and purpose.\u201d<\/p>\n<p>The facility will serve as the backbone of Eswatini\u2019s energy security policy, enabling the government to respond quickly to emergencies and stabilize the local market when global supply chains falter. More than a safety measure, the reserve is a proactive investment in national sovereignty\u2014giving the country control over a critical economic resource.<\/p>\n<p><b>Strengthening Ties with Taiwan<\/b><\/p>\n<p>The project is made possible through the enduring partnership between Eswatini and the Republic of China (Taiwan), a diplomatic and developmental ally that continues to support the Kingdom\u2019s transformational agenda. The Export-Import Bank of Taiwan\u2019s financing underscores the depth of this friendship and its practical benefits to Eswatini\u2019s infrastructure development.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Eswatini<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eswatini. Eswatini has sealed a historic agreement with the Export-Import Bank of the Republic of China (Taiwan) for the financing of its first-ever Strategic Oil Reserve Facility. Minister of Finance, Neal Rijkenberg, signed the milestone financing agreement that will pave the way for constructing a fuel storage facility capable of shielding the Kingdom [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":71878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,242],"tags":[249],"class_list":["post-71879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-eswatini"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FINANCE MINISTRY, TAIWAN EXIM SIGN OIL RESERVE DEAL - Eswatini<\/title>\n<meta name=\"description\" content=\"Eswatini has sealed a historic agreement with the Export-Import Bank of the Republic of China (Taiwan) for the financ ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FINANCE MINISTRY, TAIWAN EXIM SIGN OIL RESERVE DEAL\" \/>\n<meta property=\"og:description\" content=\"Eswatini has sealed a historic agreement with the Export-Import Bank of the Republic of China (Taiwan) for the financ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-06T06:38:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-06T07:02:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2025\/06\/sm_1749180570.854953.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FINANCE MINISTRY, TAIWAN EXIM SIGN OIL RESERVE DEAL\",\"datePublished\":\"2025-06-06T06:38:58+00:00\",\"dateModified\":\"2025-06-06T07:02:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal\"},\"wordCount\":307,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2025\/06\/sm_1749180570.854953.jpg\",\"keywords\":[\"Eswatini\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/finance-ministry-taiwan-exim-sign-oil-reserve-deal\",\"name\":\"FINANCE MINISTRY, TAIWAN EXIM SIGN OIL RESERVE DEAL - 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