Central Energy Fund starts process for single national petroleum company

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMESthe government’s holding company in the energy sector, has given its management the go-ahead to start the process of establishing a single national petroleum company.

At the SFF 10-million barrels of reserves were irregularly sold off at below-market prices in 2015. The matter was the subject of a forensic investigation and, in April 2020, the SFF announced it would launch a court challenge to invalidate the sale. The appointments come as the group, like all energy companies, faces turbulent times due to the slump in fuel demand coupled with global oversupply.

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