Thursday, 13 September 2007
An oil refinery at Coega?
A "Black economic empowerment entrepreneurial company" (whatever that means) called Bidevco is reported to be studying the feasibility of building a possible oil refinery in the Eastern Cape at Coega. As is normal these days, consultants -- who are never previously disadvantaged South Africans -- are hard at work. Spigot does not know the chief operating officer of Bidevco but is willing to bet Jacques van Wyk is not historically disadvantaged either. The named consultants are Brazilian which means there is a chance that they may be the right colour but there is no guarrantee. There are also Japanese and Canadians involved and some South Africans The Coega Industrial Development Zone has been one of the areas earmarked for the possible location of the new 200,000barrels a day refinery, but Van Wyk states that several potential sites are under investigation, including possible synergies with existing refinery infrastructure. Really?Like who? There used to be a phrase to describe this sort of thing, Spigot recalls: "Kite flying". Entrepreneurial doesn't describe it.
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