Is south africa’s’sub-scale’ aging refinery fleet economically vulnerable?
South African National Energy Association (Sanea) board member Dave Wright, who worked for Engen for more than two decades, says South Africa ¡¯s ¡°sub-scale¡± and aging refinery fleet has become economically vulnerable in a context of changing demand, supply and environmental dynamics.
Could BP and Shell sell South Africa’s oil refineries?
It was also possible that those refineries currently associated with international oil majors that had signalled a desire to withdraw from refining, such as BP and Shell, could seek to sell their South African refining assets, he said. BP and Shell currently own the 165 000 bbl/d Sapref refinery in Durban, which is South Africa ¡¯s largest.
How will South Africa’s oil refinery sector change in 5 years?
South Africa ¡¯s oil refinery sector is expected to undergo significant changes in the coming five years, with Engen having already indicated that it will repurpose its refinery site in Durban as a fuel importation terminal and with global and domestic shifts likely to place significant pressure on the others.
How many refineries are there in South Africa?
South Africa currently has six refineries, three of which (Astron in Cape Town, PetroSA in Mossel Bay and Engen) are currently not operating.