PetroSA to begin hearings on unauthorised sale of crude oil reserves

PetroSA will on Monday begin hearings into the unauthorised sale of South Africa’s crude oil reserves.

The sale of 10.3 million barrels happened between December 2015 and March 2016.

The unauthorised sale of crude oil reserves occurred during the tenure of former Energy Minister Tina Joemat-Petersen.

At the time, she told Parliament that there was no such sale, saying instead that it was a strategic rotation of oil resources.

The #PetroSA is to begin hearings tomorrow into the unauthorised sale of South Africa’s crude oil reserves. The sale of 10.3-million barrels happened between December 2015 and March 2016 during the tenure of Minister Tina Joemat-Petersen. #sabcnews

— SAfm news (@SAfmnews) September 13, 2020