With only half of refineries in South Africa operational, SA has become reliant on imports for refined fuel products.CEF group chairperson Ayanda Noah says increased oil and gas exploration could be key to the refineries' revival.South Africa is faced with a"looming crisis" as demand for fuel is expected to keep rising and its refining capacity remains severely constrained.
Meanwhile, the PetroSA gas-to-liquid refinery in Mossel Bay, the only state-owned refinery, has been offline since late 2021 after it ran out of offshore gas feedstock. According to Noah, increased investment in upstream exploration and additional oil and gas exploration could help revive refineries and boost fuel supplies. , she said that Total Energies' recent 3.2 trillion cubic feet gas discovery in the southern Cape would help bring the PetroSA refinery back online.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheSAnews - 🏆 25. / 59 Read more »
Source: Moneyweb - 🏆 5. / 77 Read more »