TotalEnergies Eyes South Africa Fuel Trade With Imports Surging
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French oil major TotalEnergies SE plans to expand fuel trade with South Africa after a wave of refinery shutdowns sent imports soaring.
Africa’s most industrialized nation has long relied on fuel from abroad, but demand has grown in recent years as a string of refineries suspended output. Total is well-placed to boost its presence in the country, where it has storage depots and plans a tie-up with local firm Zambo Energy to supply products.