South Africa Plans First Strategic Oil Boost Since Apartheid Era


The DMRE proposes that 60 days of demand be covered by reserves, of which about two-thirds will be crude and the remainder oil products. That would amount to about 36 million barrels, worth billions of dollars, based on US Energy Information Administration estimates that put South Africa’s demand at 600,000 barrels per day. Licensed wholesalers and importers would be required to to keep 21 days of inventory under the plan.



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