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Tharisa reports project development progress,
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South Africa plans first strategic oil boost since Apartheid
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.
The Department of Mineral and Petroleum Resources proposed that 60 days of demand be covered by reserves, of which about two-thirds will be crude and the remainder oil products, according to a draft policy document published July 9 for public consultation.
That.
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