Battle looms over petroleum products bill - SA

[dArKeR]

The major crude oil refiners operating in South Africa expressed serious concern on Monday over new legislation to restructure the industry, arguing it may perpetuate past distortions.

The Coastal Crude Refiners -- representing Caltex, BP, Engen and Shell -- look set to clash with synfuels giant Sasol and PetroSA over the Petroleum Products Amendment Bill, currently before Parliament.

The bill aims to pave the way for major restructuring in the industry, as Sasol's entry into an already over-traded retail market looms. Caltex corporate planning manager Teresa Booth-Oliveira told Parliament's minerals and energy portfolio committee the bill appeared to give the government power to control competition in the industry.

http://www.mg.co.za/Content/l3.asp?ao=19252

Keep your eye on SA. Time for some 'Kelly' suicides!

http://darkerxdarker.tripod.com/