CEF faces probing questions from lawmakers on plan to revive refineries

The Central Energy Fund (CEF) group of companies faced sceptical questioning this week from lawmakers over plans to revive the Sapref refinery in Durban and PetroSA’s gas-to-liquids (GTL) refinery in Mossel Bay. During a marathon session of the Portfolio Committee on Mineral and Petroleum Resources held to deliberate on CEF’s delayed 2024/25 annual report, CEF chairperson Ayanda Noah stressed the importance of the two refineries to the future of the group, as well as the recently formed South African National Petroleum Company (SANPC).