Focus on Africa, South Africa proposes strategic oil reserve expansion

Focus on Africa

South Africa proposes strategic oil reserve expansion

29 July 2026

Available for over a year

South Africa has announced plans to expand its strategic oil reserve for the first time since the apartheid era. this is in its response to the global supply shocks. The proposal aims to reserve approximately 36 million barrels, comprising 70% crude oil and 30% refined petroleum products, to meet 60 days of National demand. The proposal also requires licensed oil marketers to hold an additional 21 days of oil stock as a buffer. The government says this will mitigate oil supply shocks in cases of emergencies.

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Presenter: Nkechi Ogbonna

Producers: Bella Twine and Ayuba Iliya

Senior Producers: Keikantse Shumba

Technical Producer: Davis Mwasaru

Editors: Rhoda Odhiambo and Maryam Abdalla