New Market Study Published: South Africa Oil & Gas Report Q1 2013
BMI View: Rumours abound that the traditional refinery operators in South Africa could abandon the country in the face of huge investment in capacity to meet higher fuel specifications. Plans by the country to build a large new refinery are also causing concern, so the outlook for the downstream segment is uncertain. The state looks likely to allow drilling for shale gas to proceed, unlocking considerable upstream potential - although local resistance is set to continue.
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