Geographic Spotlight: South Africa

Friday, April 17, 2026. South Africa produces virtually no crude oil. Current output: 550 barrels per day. Imports 95-100% of consumption (~700k bpd). Refining capacity 360k bpd, down from 80% domestic. April 1 fuel shock: petrol +R5/l, diesel +R8/l. Strategic reserves 8M barrels. Gas shortage reliant on Mozambique imports. Offshore potential: 13k MMbbl liquids, 38 Bcf gas. Brulpadda/Luiperd undeveloped. TotalEnergies 2026 drilling. Market size $91M (2024) → $325M (2033). 2026 critical for reforms. Next week: live industry updates resume.

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