ARTICLES RELATING TO
SAPIA
Oil companies operating in SA could be required to hold an extra 14 days of refined fuels to prevent a repeat of a 2005 shortage that hampered economic output.
Motorists have been urged not to panic about fuel running dry ahead of the latest petrol price hike kicking in on Wednesday.
As from July 1, South Africa will be in breach of US law and will face financial sanctions because of its continued oil imports from Iran.
South Africa has less than seven weeks to "significantly reduce" its oil exports from Iran or face possible US sanctions and an oil shortage, the SA Petroleum Industry Association says.
An industry player says it is working with the government to establish a R2bn biofuels plant by 2014 to diversify SA's energy sources.
SA refineries should operate at over 95% of total capacity by the end of November, easing a gas shortage in the country, according to reports.
The Competition Commission will allow SA Petroleum Industry Association members to share data on logistics and supply agreements to ensure fuel availability.
Fuel sector workers have begun returning to work and every effort is being made to ensure delivery of fuel to "hotspot" areas.
Fuel sector workers have begun returning to work and every effort is being made to ensure delivery of fuel to "hotspot" areas.
Negotiations between unions and petroleum companies ended in a stalemate on Friday, but over the weekend employers said they were willing to return to negotiations.
The National Petroleum Employers' Association has denied walking out of wage talks.
The National Petroleum Employers' Association has denied walking out of wage talks.
Talks to bring a two-week strike in the fuel sector to an end stalled when the body representing employers walked out, say unions.
The fuel sector is to meet on Friday as workers in other industries reject wage increase offers and prepare for strikes.
Although a strike is continuing, the SA Petroleum Industry Association says fuel shortages in some areas have eased as some workers returned to work.
