At a People's National Front rally on Thursday evening, former President Abdulla Yameen Abdul Gayoom said the bunkering service launched Thursday at Haa Alifu Atoll will not be profitable for the Maldives. Senior PNF member Ahmed Fayaz Ali Riza, in a presentation at the rally, called the venture a front for theft and fraud and questioned claims that the Maldives would receive US$400 million.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The bunkering service launched Thursday at Haa Alifu (HA.) Atoll will not generate profits for the Maldives, former President Abdulla Yameen Abdul Gayoom has said.
Word for word from the report in Maldives Republic. Open the report
If they sell 25 million metric tons of fuel, they [Bunkering Holding] will get US$200 million in 2023… then how will they [the Maldives’ bunkering project] get US$400 million? This is hugely deceiving the public. This is corruption
It’s Vitol fuel, they’ll take 90 to 95 percent [of profits]. If they get US$100 million, five percent of it which is, $5 million [might come to the Maldives]… Out of that US$5 million, we have to pay for the tugboat, the rent, and services…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
noting that while Bunkering Holding, which tops the list, sells 25 million metric tonnes of fuel annually, Vitol sells 12.7 million metric tonnes annually.
Word for word from the report in Maldives Republic. Open the report
noting that while Bunkering Holding, which tops the list, sells 25 million metric tonnes of fuel annually, Vitol sells 12.7 million metric tonnes annually.
Word for word from the report in Maldives Republic. Open the report
If they sell 25 million metric tons of fuel, they [Bunkering Holding] will get US$200 million in 2023… then how will they [the Maldives’ bunkering project] get US$400 million?
Word for word from the report in Maldives Republic. Open the report
the administration had earlier confirmed that the Maldives stands to receive US$400 million within a month of the service being launched.
Word for word from the report in Maldives Republic. Open the report
Administration sources had earlier stated that the Maldives could stand to make up to US$400 million annually once services launch.
Word for word from the report in Maldives Republic. Open the report
It’s Vitol fuel, they’ll take 90 to 95 percent [of profits].
Word for word from the report in Maldives Republic. Open the report
If they get US$100 million, five percent of it which is, $5 million [might come to the Maldives]…
Word for word from the report in Maldives Republic. Open the report
