Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
2. Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Africa
Public Administration News  
Mthombo Refinery to Save SA Billions
Source: Bua News
Source Date: Thursday, October 14, 2010
Focus: Knowledge Management in Government
Country: South Africa
Created: Oct 15, 2010

The $11 billion refinery, which will have a 400 000 barrels a day capacity, is meant to ensure security of fuel supply in SA.


SA is currently dependent on international oil companies to secure the country's future liquid fuels energy needs.


“With Project Mthombo, this country stands to save an estimated R12.6 billion a year in energy costs once the refinery is running, and could export oil across Africa,” said Zuma.


Zuma was speaking during his visit to PetroSA’s gas liquid refinery in Mossel Bay in the Western Cape. The visit by Zuma and Energy Minister Dipuo Peters was to obtain a firsthand account of the operations of PetroSA, his office said.


"We welcome the fact that PetroSA is making its impact, not only in job creation but in empowering the people as well. It employs close to 2 000 people, while 27 500 more will be absorbed within the crude oil refinery that is planned," President Zuma said.


He also commended the National Oil Company (NOC) for the role it was playing in reducing the country’s dependence on importing refined fuel.

Zuma also welcomed the impressive growth of PetroSA from its successful merger of Mossgas, Soekor and parts of the Strategic Fuel Fund in 2002.


PetroSA is reaching markets in Europe, the United States, Caribbean, Middle East and Far East, which Zuma said is an important achievement. – BuaNews


News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
0 ratings
Views: 592

Comments: 0 Bookmarked: 0 Tagged: 0

0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network