For oil traders, there¡¯s no place quite like Saldanha Bay. When prices slumped in 2014, trading houses generated outsize profits by storing millions of barrels of crude in the deep-water harbour north of Cape Town.
How is crude oil processed in Cape Town?
Crude oil arrives by oil tanker in Saldanha Bay for discharge and is then transported to Cape Town refinery via pipeline. Our team is then responsible for converting the crude oil into final products including LPG, petrol, jet fuel, diesel and fuel oil. Starts in the distillation towers, where crude oil is separated into various components.
Will South Africa reopen its oil refinery?
The commitment to reopen the operation bucks the trend in South Africa where oil and gas majors are opting to close refineries rather than invest in refurbishing and upgrading them, especially in light of incoming clean fuel regulations.
Will Astron energy reopen Cape Town oil refinery?
Glencore¡¯s Astron Energy will this year reopen the Cape Town oil refinery amid a "strong commercial case" to bring the operation back online.