STATE-owned gas-to-liquid producer PetroSA plans to spend more than R3bn over the next five years to improve the refining capacity of its Mossel Bay plant and to ensure the security of its energy supply.It will also be seeking strategic partnerships to assist in the implementation of its plans.The company, which produces 75% of the revenue of its parent, the Central Energy Fund (CEF), has had to deal with declining feedstock for the plant for several years and has to overcome this to ensure the future sustainability of its operations. Challenges with feedstock from its offshore wells has meant it has had to import some feedstock such as liquid gas condensates recently, but this is at a much higher cost.The shortage of indigenous feedstock has also meant that the refinery is producing far less than its productive capacity of 45,000 barrels of fuel per day.A turnaround plan was submitted to the Department of Energy last week, CEF acting group CEO Godfrey Moagi told members of Parliame...
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