Fuel: Chevron trying to block imports

CHEVRON is trying to block an increase in fuel imports to Cape Town, where the US oil company operates one of South Africa’s refineries. The country does not produce enough fuel to meet demand from motorists, forcing shipments from refineries elsewhere. Burgan Cape Terminals wants to build a storage tank near Chevron’s plant to supply the Western Cape. It says that will undermine the profitability of its 110 000-barrel-a-day plant. It “does not oppose the construction of the fuel storage and distribution terminal to provide access to new entrants,” it said. “We oppose imports which could have a detrimental impact on national manufacturing capacity and capability.” – Bloomberg