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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EE BUSINESS INTELLIGENCE ANALYSIS: Diesel or Darkness: PetroSA charges Eskom unfair prices, extracts upfront paymentsEskom has been forced to pay exorbitant prices for diesel it buys in bulk from PetroSA, the financially distressed state-owned entity which is its main diesel supplier, even as the utility battles in vain to stave off worsening stages of load shedding. 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 Surely your friends who are diesel suppliers are no longer benefitting. Speculation is only needed if it suits your narrative better than the actual facts. The reason Eskom’s DMRE application was denied is public knowledge. Seems investigative only has meaning when it relates to Zuma.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Alibaba loses $23bn in one day in sign rally is easing offA market-beating rally by Alibaba Group Holding, a bellwether for a recovery in Chinese consumer spending, is fuelling doubts that the long positions are starting to get too crowded.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: UK to be the only G7 economy in recession this year, IMF saysBritain faces the bleakest two years of any major industrial nation with a recession in 2023 and the slowest growth of peers in 2024, the International Monetary Fund predicts. Lockdowns will do that When it comes to stirring in other countries' business the Brits are first in. Now they're paying the price. IMF predictions are notoriously inaccurate.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Global stocks hold monthly gain before Fed, ECB: markets wrapA gauge of global stocks held to a monthly gain of more than 6% amid mixed trading in Asia on Tuesday as investors positioned for interest-rate hikes this week from the Federal Reserve and the European Central Bank.
Source: dailymaverick - 🏆 3. / 84 Read more »