Tentative deregulation in South Africa

The South African government has decided to deregulate the petroleum industry by giving operators the freedom to import their own crude. In addition, the oil sector has been partially opened to media scrutiny as the government reduced its huge stockpiles and used the funds for civic projects. With these developments, the huge subsidies for synfuels operations are now being questioned.
THE South African petroleum sector is going through the process of partial deregulation. Until recently, the sector was rigidly regulated, starting from the acquisition of sanctions-busting crude through to the [...]