What is happening with PetroSA?
PetroSA can be rescued, says Central Energy Fund The company is set to run out of gas and cash by 2022, and has decommissioning debt of R9. 6 billion due to its failed Ikhwezi gas exploration project.
Who wants buy sapref?
The Sapref oil refinery in Durban. Government wants to buy the Sapref refinery as the operation is set to close its doors later this month. Any acquisition is expected to be made by Central Energy Fund which has aggressive growth plans.
Who is the CEO of PetroSA?
Nosizwe Nokwe-Macamo (Mar 1, 2012–)PetroSA / CEO
Who owns sapref?
BP Southern Africa
SAPREF is a joint venture between Shell Refining SA and BP Southern Africa.
Is PetroSA still operational?
One of the world’s largest gas-to-liquid refineries, in Mossel Bay, is reportedly set to run out of natural gas by December 2020, placing 1,500 local jobs at risk. State-owned PetroSA’s facility is operating well below its 36,000 barrels per day, Reuters reported.
Who makes fuel in South Africa?
BP Southern Africa, Chevron South Africa, Engen Petroleum, PetroSA, Sasol Oil, Shell South Africa and Total South Africa are the main players in the South African oil industry.
What is happening at SAPREF?
With 35% of South Africa’s crude oil refining capacity producing 2.7 billion litres of petrol per year, Sapref is the country’s largest refinery. It was previously forced to temporarily shut down operations during July 2021’s riots. The unrest had led to a shortage of critical materials reaching the refinery.
Is SAPREF sold?
Shareholders of SA’s largest oil refinery Sapref, south of Durban, have decided to suspend operations indefinitely by the end of March as they consider selling the plant.
Who owns South African refinery?
Sasol and TotalEnergies own the Natref refinery through subsidiaries Sasol Mining (Pty) Ltd. (63.64%) and TotalEnergies Marketing South Africa (Pty) Ltd. (36.36%).
Who bought PetroSA?
The iGas, PetroSA and SFF are subsidiaries of the Central Energy Fund (CEF) group, which is a state-owned company, and their merger is effective from 1 April 2021. The new entity that will emerge out of the merger will be called the South African National Petroleum Company.
Where does South Africa get oil from 2022?
South Africa Imports from Nigeria of Crude Oil – data, historical chart and statistics – was last updated on June of 2022.
Where does Sasol get its oil?
In particular, they produce petrol and diesel from coal and natural gas using Fischer-Tropsch process. Sasol mines coal in South Africa and producse gas in Mozambique and oil in Gabon.
Is the government buying Sapref?
The government looks set to purchase the 180,000 b/d Shell/BP South African Petroleum Refineries (Sapref) joint venture, which refines 35% of South Africa’s fuel, in a move to pre-empt a sale or closure of the unit by its current owners, Shell and BP.
Is Shell pulling out of South Africa?
Shell and its subsidiaries stop doing business with South Africa.
What is happening at sapref?
Is Shell leaving South Africa?
But while Mantashe supported Shell for its interest in the country’s potential oil deposits, he came out swinging against Shell Downstream South Africa and BP South Africa for their decision to pause operations at Sapref by the end of March 2022.
Who is supplying South Africa with oil?
The majority of South Africa’s crude oil is supplied by three countries. They are Saudi Arabia, Nigeria and Angola. These three countries have supplied 89% of South Africa’s total crude imports for 2018.
Why is Shell leaving South Africa?
According to Shell Downstream South Africa country chair Hloniphizwe Mtolo, the decision to pause the refinery was difficult for both shareholders. The companies said they would use other existing assets and trading arrangements to ensure the ongoing security of fuel supply to the country and consumers.
What happened to the oil rig in Mossel Bay?
MOSSEL BAY NEWS – A massive, highly familiar and much-photographed feature of the Mossel Bay coastline will disappear soon. The Mossel Bay Advertiser has learnt from a reliable source that the PetroSA rig, called the Orca, in the bay of Mossel Bay, has been sold and will be towed away on or around 31 January.
Where is the orca oil rig now?
The vessel is currently at port MOSSEL BAY ANCH, ZA after a voyage of 3 years originating from port MOSSEL BAY, ZA.