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South Africa proposes compulsory fuel stocks to preempt crises
South Africa is proposing a revamp of its strategic fuel storage capability requiring mandatory reserves from both the State and private sector to mitigate supply crises, a policy document showed. Global energy supplies and prices have been under pressure for months due to an ongoing crisis in the Middle East that has choked off the Strait of Hormuz, a key oil and liquefied natural gas transit route.
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businessday.co.za
Mantashe wants oil firms to stockpile 21 days of fuel, at their cost
Petroleum resources minister warns the economy will lose R1bn a day if SA runs out of fuel
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africa.businessinsider.com
South Africa is reviving an oil plan last initiated in the apartheid era as global conflict restarts
For the first time in decades, South Africa is getting ready to drastically increase its strategic oil reserves in an effort to bolster the nations energy cushion against any…
