South Africa’s state-owned Central Energy Fund has paid five US cents, or one rand, for a huge oil refinery that isn’t in working condition. The public may have to foot the bill to clear up oil leaks.
It will be hard and complicated to replace Venezuela’s heavy sour crude.
Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia, has said the diplomatic dispute won’t affect oil exports to Canada.
(AP Photo/Ronald Zak, File)
Saudi Arabia has said it won’t curb the flow of oil to Canada, but the Maritimes should think more seriously about replacing the Saudi supply with crude from more trusted sources.