SA Considers Stockpiling Crude Oil
From Money Web
South Africa is considering stockpiling crude oil “to prepare for any eventuality” should shipments be cut from Iran, the country’s biggest supplier, Energy Minister Dipuo Peters said.
“As government, our responsibility is to ensure security of supply,” Peters told Bloomberg at an event in Johannesburg late yesterday. The country is “looking at all options” and is not ruling out the possibility of continuing oil purchases from Iran, she said.