South Africa is one step closer to having a new entity in charge of petroleum in the country, with a significant merger between PetroSA and other Central Energy Fund subsidiaries progressing.
The bill details various objectives concerning petroleum rights licensing, exploration of petroleum and management rights relating to petroleum. “We implore members to ensure its finalisation before the end of the term of this administration,” said the minister. “Importation of petroleum products has reached unprecedented levels. The robustness of the distribution infrastructure will be tested when the Sasolburg refinery goes into a mandatory maintenance shutdown for four months scheduled for later this month.”
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