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South Africa Plans Oil-Refining Revival to Cut Import Dependence
Source: Bloomberg
Energy Markets & PricesInfrastructure & DefenseTrade Policy & Supply Chain
South Africa’s Central Energy Fund plans to revive domestic oil-refining capacity, targeting at least a threefold increase in local crude processing. The initiative could materially reduce the country’s dependence on imported fuels, strengthening energy supply security and potentially improving its fuel trade balance.
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