"We believe the information is malicious and is intended to distract us from what is important and to sour our relations with our Sudanese counterparts," Radebe said."We do not have oil resources. The fuel price increases all the time. So when a government and its entities try to solve that problem some people want us to stop," Radebe said.
The Sunday Times quoted sources saying the crude in South Sudan was not suitable for SA's refineries. When asked where the money would come from, the CEO of the Strategic Fuel Fund, Godfrey Moagi, said the project was at feasibility stage and there was a budget set aside. He said,"The oil market by its nature is a global market. I don't believe there are a lot of refineries that are feeding their own refineries with their own oil. It's imported and as the minister said earlier on we have options around this.
"We can take the South Sudanese crude if it does not fit with our refineries and swap it with someone who has suitable … we can trade it in the open market or we can refine it in refineries where they got compatible crude and bring finished products. As you may be aware this country imports a third of its requirements from the international markets,” he said."If the project is viable anyone can invest," Moagi said.
Source: Energy Industry News (energyindustrynews.net)
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