• Short Summary

    THE SOUTH AFRICAN GOVERNMENT HAS MADE A NUMBER OF MOVES IN RECENT MONTHS AIMED AT SAFEGUARDING THE COUNTRY'S OIL SUPPLIES IN CASE OF ANY POSSIBILITY OF INTERNATIONAL SANCTIONS AGAINST HER.

  • Description

    THE SOUTH AFRICAN GOVERNMENT HAS MADE A NUMBER OF MOVES IN RECENT MONTHS AIMED AT SAFEGUARDING THE COUNTRY'S OIL SUPPLIES IN CASE OF ANY POSSIBILITY OF INTERNATIONAL SANCTIONS AGAINST HER.

    FIRST OF ALL, IT WANTS TO HAVE ABOUT TWO YEARS' SUPPLY STOCKPILED. OIL COMPANIES HAVE BEEN INSTRUCTED TO KEEP THEIR STORAGE TANKS FULL, AND BUILDING FIRMS HAVE ORDERS FROM THE STATE-RUN INDUSTRIAL DEVELOPMENT CORPORATION TO BUILD 94 MORE, WHICH ARE DUE TO BE COMPLETED BY THE END OF THIS MONTH.

    THE GOVERNMENT HAS ALSO PROVIDED FUNDS IN THE BUDGET TO HELP SOUTH AFRICAN SHIPPING COMPANIES TO ACQUIRE MORE OIL TANKERS, AND SO MAKE THE COUNTRY LESS DEPENDENT ON FOREIGN SHIPPING FOR ITS CRUDE OIL SUPPLIES. IT ALSO HAS PLANS UNDER WAY FOR A NEW GOVERNMENT-CONTROLLED REFINERY. THE THREE EXISTING REFINERIES IN SOUTH AFRICA ARE OWNED BY BRITISH OR AMERICAN OIL COMPANIES.

    A VIGOROUS SEARCH IS ALSO GOING ON FOR OIL IN SOUTH AFRICAN TERRITORY. ONE ATTEMPT, INAUGURATED LAST SUMMER BY DR. VERWOERD, THEN PRIME MINISTER, HAS PROVED A FAILURE. ANOTHER HAS NOW BEGUN, INAUGURATED IN JANUARY BY THE PRESENT PRIME MINISTER, MR. VORSTER. BOTH ARE IN CAPE PROVINCE, INVESTIGATIONS ARE ALSO DUE TO START VERY SOON ON THE CONTINENTAL SHELF OFF SOUTH AFRICA'S SOUTHERN COAST.

    ABOUT A TENTH OF SOUTH AFRICA'S OIL PRODUCTS ARE DERIVED FROM COAL. THIS WORK IS CARRIED ON AT THE VAST PLANT OF THE SOUTH AFRICAN COAL, OIL AND GAS CORPORATION LTD., KNOWN AS SASOL, AT SASOLBURG IN THE NORTHERN ORANGE FREE STATE. THE CORPORATION CLAIMS TO BE THE ONLY ONE IN THE WORLD CARRYING ON THIS PROCESS AT A PROFIT. IT ALSO YIELD A WIDE RANGE OF BY-PRODUCTS, INCLUDING WAXES, TAR PRODUCTS, AND REQUIREMENTS FOR SYNTHETIC RUBBER AND FERTILISERS.

  • Tags

  • Data

    Film ID:
    VLVA720GGLG2X9ZE9HSSZYTID5JB0
    Media URN:
    VLVA720GGLG2X9ZE9HSSZYTID5JB0
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    03/03/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:04:43:00
    Time in/Out:
    /
    Canister:
    N/A

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