WATCHING THE WORLD SOUTH AFRICANS PREPARE FOR NORMAL OIL BUSINESS
With David Knott from London South Africa's slowly fading political regime has been as harsh as any among countries closed to the oil industry. Unlike most "no go" areas for oil companies, however, it has a sophisticated infrastructure. Oil trade embargoes that were set up in the 1970s and tightened in the 1980s are likely to be lifted as the long awaited transitional government takes control. Oil industry deregulation is expected soon afterward.