petroSA

South Africa’s PetroSA Set to Appoint New CEO

  • Leadership Transition at PetroSA: South Africa is preparing to fill the CEO position at PetroSA, with Energy Minister Gwede Mantashe announcing plans for a new appointment.
  • Controversial Decision and Geopolitical Concerns: PetroSA’s selection of a Russian subsidiary to aid in reviving its gas-to-liquid fuel refinery has sparked controversy, particularly due to concerns raised by the United States regarding South Africa’s relationship with Russia.
  • Upcoming Decision on Refinery Project: Despite geopolitical tensions, PetroSA is expected to reach a final investment decision on the refinery project within the next two months, although public announcement has not been made yet.

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