South Africa Plans First Strategic Oil Boost Since Apartheid Era
AI Summary
South Africa is planning to increase its strategic oil reserves for the first time since the apartheid era, aiming to better mitigate supply shocks. This move is part of broader continental efforts to secure energy supply stability.
South Africa plans to increase its strategic oil reserves for the first time since the apartheid government stockpiled crude, adding to measures across the continent to mitigate supply shocks.
World Markets Commodities Energy South Africa oil reserves strategic stockpile energy security apartheid era supply shocks