Central Energy Fund subsidiary that holds the national strategic crude reserve at Saldanha; sold the entire 10-million-barrel reserve in December 2015–January 2016 in transactions the courts declared invalid.
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Central Energy Fund subsidiary that holds the national strategic crude reserve at Saldanha; sold the entire 10-million-barrel reserve in December 2015–January 2016 in transactions the courts declared invalid.
Case themes: SOE Looting (1)
One institution on the record. The file it belongs to runs to hundreds.
$281 million (~R4.5bn at 2016 rates) for the entire reserve; state ordered to refund buyers