Are South African refinery operators less likely to invest 40 billion rand?
The South African Petroleum Industry Association (SAPIA), which represents operators such as BP (BP.L) and Shell (RDSa.L), said in January that local refinery operators were less likely to invest 40 billion rand ($2.8 billion) for these upgrades after the coronavirus pandemic. read more
Why is South Africa’s oldest crude oil refinery being converted?
Our Standards: The Thomson Reuters Trust Principles. South Africa’s oldest crude oil refinery, the 120,000 barrel per day plant operated by Engen (Enref), will be converted into a new storage facility because the refinery is no longer sustainable in the long term, the company said on Friday.
Where is South Africa’s second largest crude refinery?
The refinery, situated on the eastern coast in the city of Durban, has been shut down since a fire in December damaged the plant that supplies around 17% of the country’s fuel production and is South Africa’s second largest crude refinery. read more
Is Natref a surviving oil refinery in South Africa?
Natref is the last surviving oil refinery in South Africa. Three others were closed in the past two years. These refinery closures and the possible permanent closure of the Natref refinery are shots fired in the long-running contestation between the oil refiners and the government, which has been trying to introduce cleaner fuels specifications.