NetOil plans to restart refineries
Flagship project worth R182bn to be run by Orkela offshoot envisaged for Richards Bay
16 March 2025 - 08:12
UPDATED 17 March 2025 - 12:56
He was an employee of a petroleum parastatal until his retrenchment in 2022. Now he is leading a company that hopes to support the government in turning SA from a net importer of oil and gas into a producer of more than 350,000 barrels per day and export powerhouse.
NetOil Green Energy COO Stephen Ncala said the company plans to support the PetroSA group of companies, with projects to help refurbish local refineries, improve logistical capacity to move products and even take over vacant fuel service stations, among others...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.