A final decision on financing and design is expected by March 31 for a planned $11-billion South Africa oil refinery, which would be Africa’s largest.
Construction of the envisioned 400,000-barrels-per-day refinery initially was to begin in 2010 and wrap up in 2014. However, there has been a delay in completing the financing, and construction has yet to start. The current target completion date is 2016.