South Africa faces $8 billion bill to revive state-owned refineries
South Africa will need more than $8 billion to revive two mothballed state-owned refineries, officials told lawmakers, as the country seeks to strengthen energy security and reduce dependence on imported fuels. South Africa’s state-owned Central Energy Fund acquired the flood-damaged 180,000 barrels-per-day Sapref refinery in 2024 from BP (BP.L), opens new tab and Shell (SHEL.L),… Source
Black News 
South Africa will need more than $8 billion to revive two mothballed state-owned refineries, officials told lawmakers, as the country seeks to strengthen energy security and reduce dependence on imported fuels. South Africa’s state-owned Central Energy Fund acquired the flood-damaged 180,000 barrels-per-day Sapref refinery in 2024 from BP (BP.L), opens new tab and Shell (SHEL.L),…
