South Africa Plans 8B Refinery Revival
South Africa requires over eight billion dollars to revive two state owned refineries to boost energy security. Officials plan phased upgrades and seek financing to restart idled fuel production facilities.
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South Africa needs $8 billion to revive two mothballed state-owned refineries. The funding drive aims to strengthen domestic energy security and reduce dependence on imported fuels. The state-owned Central Energy Fund outlined the capital expenditure during a parliamentary briefing on Monday evening.
