Cabinet approves Russia's Gazprombank as preferred strategic partner for R3,7-billion deal for gas-to-liquids refinery in Mossel Bay

 PetroSA has confirmed cabinet's approval of Russia's Gazprombank as the preferred strategic partner for the 3,7-billion-rand deal to restart the gas-to-liquids refinery in Mossel Bay.  The fuel refinery was closed for maintenance in 2020 following the depletion of offshore gas feedstocks.  Amid concerns of US sanctions imposed on Russian companies, including Gazprombank, government has argued that South Africa is committed to increasing trade and investment partnerships with its fellow BRICS nations.  Naledi Ngcobo reports