State-owned oil and gas company PetroSA has defended its decision to select Russia’s Gazprombank Africa as the preferred investment partner to restart operations at its gas-to-liquid refinery in Mossel Bay.

The deal risks further souring SA’s relations with the US, which came under strain this year because Gazprombank Africa is a subsidiary of Gazprombank, which is under US sanctions that were imposed in reaction to the war between Russia and Ukraine...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.