South Africa’s PetroSA aims to make a final investment decision (FID) by April on a project designed to support the resumption of production at the mothballed gas-to-liquids (GTL) refinery in Mossel Bay, following receipt of Cabinet’s backing for its controversial selection of Russia’s GazpromBank Africa as the project’s investment partner. The endorsement was made at a special meeting held on December 8, where Cabinet received an update on progress regarding the reinstatement of the GTL refinery, which has been in care and maintenance since November 2020, following the failure of the $1-billion Project Ikhwezi to replenish the refinery’s dwindling supply of indigenous offshore gas.
