Saudis To Invest $10B In South Africa’s Energy Sector
The funds will be used to build refineries for one and will also be used to advance petrochemicals and renewable energy projects in the developing economy of South Africa. The Continue Reading
South Africa: Fuel Price Spike Pushes Costs into Record Territory
Cape Town — Motorists’ wallets are in for another shock after the June petrol price hike. Minister of Energy Jeff Radebe has announced a 23 cents price increase for 93 Continue Reading
The World’s Emerging Oil Storage Hub
A natural harbor to the northwest of Cape Town keeps a secret that oil tracking professionals are still trying to uncover. The secret is exactly how much oil is in Continue Reading
One Of The World’s Largest Crude Storage Facilities Has Been Emptied
Saldanha Bay in South Africa is home to one of the world’s largest crude storage facilities, with a current capacity of 45 million barrels (although more is coming online later Continue Reading
Who will drink the last glass of water in Cape Town?
Because Cape Town sits between picturesque beaches and mountains, it is a favored travel destination . And, its weather during the summer is described as “almost too perfect.” That’s in Continue Reading
Without rain, South Africa’s Cape Town may run out of water by April
South Africa’s Cape Town, one of the world’s iconic tourist destinations, could run out of water by April as the city’s worst drought in a century risks forcing residents to Continue Reading
Oil Traders Empty Key Crude Storage Hub
Companies said to be selling crude from Saldanha Bay in Africa Brent crude time-structure strengthens, encouraging sales Oil traders are emptying one of the world’s largest crude storage facilities, located Continue Reading
South Africa’s Huge Bet On Nuclear Energy
South Africa, the continent’s second largest economy, with the most organized business and financial sector in the region, has had its share of electricity related issues culminating in a spate Continue Reading
China’s Sinopec buys first major African refinery in Chevron deal
China’s Sinopec ( 600028.SS ) ( 0386.HK ) said on Wednesday it has agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp’s ( CVX.N ) Continue Reading
South Africa: The Next Hot Spot For Offshore Oil Exploration
South Africa’s land is known for its resources such as platinum, gold, diamonds, copper and coal. But its waters may be hiding future giant oil and gas discoveries potentially capable Continue Reading