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RUNNING ON EMPTY

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Besides making ongoing losses, PetroSA is also facing an existential crisis, as its gas resources dwindle. Diminishing gas feedstock from its offshore wells, means that the Mossel Bay gas-to-liquids plant is now processing condensate as an alternative – a far from ideal feedstock. The State-owned company reported a net loss of R1.4-billion during the 2016/17 financial year.
 
 
 
 
 

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