How will SAPREF’s closure affect South Africa’s oil market?
Its closure will have little impact on the domestic oil market in the short term as South Africa imports 60% of its refined petroleum products from overseas. Sapref is to close down fully in March, leaving South Africa with just one refinery in operation: 90,000-bpd Natref Refinery in Sasolburg, in the province of Free State.
How many oil refineries are left in South Africa?
South Africa has only one oil refinery left in operation and even that could close within a year following the string of cancelled projects and accidents on out-dated facilities. Sapref Refinery ‘s 10 February announcement that it was suspending its 170,000-bpd operations in Durban came as little surprise to the South African downstream sector.
Why did SAPREF refinery suspend its operations in Durban?
Sapref Refinery ‘s 10 February announcement that it was suspending its 170,000-bpd operations in Durban came as little surprise to the South African downstream sector. According to our sources, the infrastructure owned in equal parts by BP and Shell had not been producing for several months.
What is the NCI of Durban II refinery?
The refinery, which started operations in 1963, has an NCI of 9. The capacity of the refinery is expected to remain the same as 180mbd by 2030. The Durban II refinery witnessed three incidents during the period 2015-2020.