South Africa to build 36-million-barrel oil reserve, biggest stockpile since apartheid
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South Africa plans to build a 36-million-barrel oil reserve, the largest stockpile since apartheid, to shield its economy from future global fuel supply disruptions. This marks a major strategic petroleum reserve expansion.
South Africa is planning to increase its strategic petroleum reserves to about 36 million barrels, marking its first major expansion of emergency oil stockpiles since the apartheid era, as the country seeks to protect its economy from future global fuel supply disruptions. The post South Africa to build 36-million-barrel oil reserve, biggest stockpile since apartheid appeared first on Nairametrics.
World Markets Commodities Energy South Africa oil reserve petroleum stockpile energy security economic protection apartheid era