Distribution
South Africa’s Rising Fuel Imports Cause Supply Shortage Risk
By:Bloomberg
South Africa’s rapid switch to become a
net importer of fuel creates supply risks requiring infrastructure to store and
transport the fuel, according to state-owned logistics firm Transnet SOC Ltd.
Africa’s most industrialized nation relied on imports for 61% of its petroleum product supply in 2023 compared with 22% four years ago due to the shutting of multiple refineries, Transnet said in a presentation last week.
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