CEF welcomes SFF’s 50% acquisition of BP Cape Town Terminal

The State-owned Central Energy Fund (CEF) has welcomed the Competition Tribunal’s unconditional approval whereby its subsidiary the Strategic Fuel Fund (SFF) was given the go-ahead to acquire a 50% interest in the assets of bp Southern Africa’s (bpSA’s) Cape Town Terminal. The terminal has a storage capacity of about 86-million litres of diesel, petrol, jet fuel and illuminating kerosene.

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