NATIONAL OIL COMPANY
South Africa’s embattled national oil company, PetroSA, has confirmed yet another, albeit smaller, loss for 2015/16, while revealing that it is planning to use more heavy condensate as a feedstock at its gas-to-liquids (GTL) refinery in Mossel Bay, as indigenous gas resources dwindle. The swing from gas to condensate is also held up as central to a turnaround plan, which has been submitted to the Department of Energy (DoE) for ratification and approval.
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