South Africa Proposes Compulsory Fuel Stocks to Prevent Crises
South Africa is proposing a revamp of its strategic fuel storage capability requiring mandatory reserves from both the state and private sector to mitigate supply crises, a policy document showed.
Global energy supplies and prices have been under pressure for months due to an ongoing crisis in the Middle East that has choked off the Strait of Hormuz, a key oil and liquefied natural gas transit route.
The proposals, outlined in a document from the Department of Mineral and…
