SA considering buying Russian oil, energy minister says

As a possible measure to mitigate steep fuel prices.



Gwede Mantashe. Image: Waldo Swiegers/Bloomberg

South Africa is considering buying oil from Russia as a possible measure to mitigate steep fuel prices, Mineral Resources and Energy Minister Gwede Mantashe said.

“It is an idea,” Mantashe said by phone from Cape Town. “Russian oil is not on the sanctions list.”

A purchase is far from being finalised and would first have to go through a complex government procurement process, the minister said.

© 2022 Bloomberg

William Murphy

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