SOUTHERN AFRICA PUSHES AHEAD TO EXPAND REFINERY CAPACITY
January 1st, 2009
BY GEORGE STONE
SOUTHERN Africa has always been rich in natural resources, but its ability to process and manufacture them has not always matched this bounty. Oil refining capacity is a case in point and the governments of South Africa, Angola and Mozambique are trying to push forward. They have given state-backing to new oil refineries that could see close to US$25 billion in new downstream investment. State-owned Petroleum Oil and Gas Corporation of South Africa (PetroSA), for instance, is planning Africa's biggest refinery outside Port Elizabeth. This US$11 ...
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