Engen refinery in Durban expected to close

The massive Engen oil refinery in Durban is expected to close its doors in 2023 and the facility may be converted into a fuel storage facility for imported product. The reason? IOL online reports that combined with depressed demand as a result of COVID-19 and persistent low gross refining margins, the outlook for the refining business remains negative and continues to deteriorate. If this goes ahead the economic consequences for city could be massive. KwaZulu-Natal MEC for Economic Development, Tourism and Environmental Affairs, Nomusa Dube-Ncube speaks to Jeremy on this. Courtesy #DStv403