PetroSA says it can make fuel for a third of SA's cars at Mossel Bay – with some foreign helpAn oil rig visible over the meeting of the Hartenbos river and the sea, near Mossel Bay. It is looking for partners with oil, or money, or preferably both plus the backing of a nation state.The refinery shut down in 2020 for lack of raw oil and gas, and massive new gas fields are not expected to be online for some time.
Under one scenario, the refinery would handle imported crude oil at a rate of 200,000 barrels per day. But that is at the very top end of the company's ambitions; it has also sketched out scenarios – requiring far less capital investment – that would make for an output as low as 7,500 barrels per day, just about 1% of what South Africa needs daily., though the exact level is highly dependent on whether Eskom has money for diesel at any given time.
It is also keen for partners who can get to work this year, with considerably less interest in those who can only get production up and running after 2025.
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M04932449 At what cost? And will it be used for SA consumption or sold like out coal to other countries....
Will it be cheaper? Probably not....
_Business I'm glad I tried this ledy out. I have wasted too much on other platforms without gaining my profit but finally I came across this platform. I invested R1000 on her platform and within 24 hours I got R10,500 sent to my bank account Send her a DM and get started KathyDNaquin
_Business Don’t trust anything linked to the ANC government! Any private entity that works with them either corrupt or stupid! Let all SOE’s collapse
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