Mantashe wants newly launched SANPC to lead oil refining revival
Mineral and Petroleum Resources Minister Gwede Mantashe has indicated that he wants the newly launched South African National Petroleum Company (SANPC) to play a central role in reviving domestic refining activity, which has shrunk dramatically in recent years as refineries have ceased operating. The new State-owned enterprise has been formed through the merger of three Central Energy Fund (CEF) subsidiaries, namely iGas, the Strategic Fuel Fund (SFF), and PetroSA.
Mineral and Petroleum Resources Minister Gwede Mantashe has indicated that he wants the newly launched South African National Petroleum Company (SANPC) to play a central role in reviving domestic refining activity, which has shrunk dramatically in recent years as refineries have ceased operating. The new State-owned enterprise has been formed through the merger of three Central Energy Fund (CEF) subsidiaries, namely iGas, the Strategic Fuel Fund (SFF), and PetroSA.
