{"id":14250,"date":"2022-05-10T07:42:14","date_gmt":"2022-05-10T07:42:14","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint"},"modified":"2022-05-10T08:16:04","modified_gmt":"2022-05-10T08:16:04","slug":"petroleum-fund-launches-blueprint","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint","title":{"rendered":"Petroleum Fund launches blueprint"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Lesotho. <\/strong><\/span>Petroleum Fund Lesotho (PFL) yesterday launched a new strategic plan for the next five years to ensure security of supply of petroleum products in the country.<\/p>\n<p>Speaking at the launch of PFL\u2019s strategic plan 2020 \u2013 2025, yesterday the fund\u2019s Executive Secretary Thato Mohasoa said the plan, among others, reflects on views of various stakeholders within the petroleum sector and builds on the ongoing achievements, while addressing its short comings and applying lessons learnt from it.<\/p>\n<p>He said through the strategic plan, PFL will ensure that it stays on schedule, responds to national needs, and changes course when necessary. The blueprint will be subjected to constant review.<\/p>\n<p>He said the plan will work alongside PFL\u2019s vision which is to ensure a progressive, adequately resourced and sustainable petroleum industry that contributes significantly to the socio-economic development of the country and its mission to spearhead the supply of adequate and reliable petroleum products at competitive and reasonable prices to consumers across the country.<\/p>\n<p>Mohasoa said the plan will focus on an enabling policy and legal environment, capacity enhancement of the Fund, financial sustainability of the Fund, meaningful stakeholder engagements, service delivery enhancement, infrastructure development, reputation and image of the Petroleum Fund and strategic partnerships with regional and international organisations operating in the petroleum industry.<\/p>\n<p>\u201cThe Fund will advocate updating of various legislative instruments, and policy frameworks in order to enable the institution to better respond to current and future challenges confronting the petroleum sector,\u201d he said.<\/p>\n<p>They will continue to develop and implement capacity building programmes for their workforce, in order to ensure that it remains relevant and equal to its tasks in the dynamic environment.<\/p>\n<p>PFL, he added, recognises that in order to effectively execute its mandate, there is need to develop strategic partnerships and strengthen collaboration and co-operation among sector stakeholders, therefore the fund will develop and roll out programmes of engagement.<\/p>\n<p>\u201cThe fund is sensitive and committed to ensuring that there is equitable supply of petroleum products across the country.<\/p>\n<p>Part of the efforts to achieve this goal will be to roll out the outcomes of the Transaction Advisory Services Consultancy that is currently being undertaken.<\/p>\n<p>\u201cThe work entails a Gap Analysis on the availability and supply of petroleum products in the country,\u201d Mohasoa noted, adding that they will also continue to support the government\u2019s efforts to establish a strategic storage facility and depots for all products and advocate for strengthened infrastructure security measures at the petrol and LPG stations.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/lesotho\">Lesotho<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. Petroleum Fund Lesotho (PFL) yesterday launched a new strategic plan for the next five years to ensure security of supply of petroleum products in the country. Speaking at the launch of PFL\u2019s strategic plan 2020 \u2013 2025, yesterday the fund\u2019s Executive Secretary Thato Mohasoa said the plan, among others, reflects on views [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":14249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,245],"class_list":["post-14250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-lesotho"],"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>Petroleum Fund launches blueprint - Lesotho<\/title>\n<meta name=\"description\" content=\"Petroleum Fund Lesotho (PFL) yesterday launched a new strategic plan for the next five years to ensure security of suppl ...\" \/>\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\/lesotho\/all-news\/petroleum-fund-launches-blueprint\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petroleum Fund launches blueprint\" \/>\n<meta property=\"og:description\" content=\"Petroleum Fund Lesotho (PFL) yesterday launched a new strategic plan for the next five years to ensure security of suppl ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-10T07:42:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-10T08:16:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/05\/postQueueImg_23-627a1f2f397e4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"476\" \/>\n\t<meta property=\"og:image:height\" content=\"306\" \/>\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\/lesotho\/all-news\/petroleum-fund-launches-blueprint#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Petroleum Fund launches blueprint\",\"datePublished\":\"2022-05-10T07:42:14+00:00\",\"dateModified\":\"2022-05-10T08:16:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint\"},\"wordCount\":428,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/05\/postQueueImg_23-627a1f2f397e4.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/petroleum-fund-launches-blueprint\",\"name\":\"Petroleum Fund launches blueprint - 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