Parliament’s Portfolio Committee on Mineral Resources and Energy has recommended that government look at building a ‘mega’ fuel refinery in South Africa as a way of securing the country’s energy reserves.
In a meeting held on Tuesday , the committee raised concerns about the recent closure of refineries in the country and the impact this will have on existing fuel supply challenges.
This has led to a debate on whether the country should invest in upgrading the existing refineries or build a new ‘mega refinery’ in line with international trends, the committee said. According to Shell Downstream South Africa country chair Hloniphizwe Mtolo, the decision to pause the refinery was difficult for both shareholders. The companies said they would use other existing assets and trading arrangements to ensure the ongoing security of fuel supply to the country and consumers.
“Leading up to the refining pause, we have put contingencies in place to ensure that this decision does not impact our customer-facing businesses in South Africa or our fuel supply obligations,” said BP SA chief executive Taelo Mojapelo.
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