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bpSA celebrates 100 years in South Africa

bpSA is celebrating 100 years of operating in South Africa

bpSA CEO Taelo Mojapelo

14th May 2024

By: Creamer Media Reporter

     

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Energy company bp Southern Africa (bpSA) on May 9 celebrated its hundredth year of operation in South Africa and says it will use this milestone to refresh and re-energise for the next century and beyond.

To signal its commitment to a long-term future in South Africa, bpSA has designed a special 100-year identifier, in which the double zero has been converted to the well-known “lazy eight” sign for infinity.

“From our forecourt to our partners in retailing, storage and distribution, we are dedicated to remaining a forward-looking, responsible and effective steward of South Africa’s energy supply networks for as long as the country needs us,” CEO Taelo Mojapelo says.

Over the past 100 years, bpSA has evolved from the Atlantic Refining Company of Africa, incorporated in 1924, to the well-known brand seen today on all South Africa’s major highways and urban areas. Its varied history has included refining fuel and coal mining – both of which it has now exited.

It has willingly taken on its responsibility to help with education, skills, enterprise development and transformation of the local energy sector.

Among some of the highlights of the past 100 years are that bpSA was the first local oil group to beat the government’s deadline for a lead abatement strategy for fuels; one of the first in its sector to implement a black economic empowerment deal by forming a joint venture company managed and controlled by historically disadvantaged South Africans (Masana Petroleum Solutions); and the first international oil company in South Africa to appoint a female CEO.

To guide the next stage of bpSA’s journey, its leadership has drawn up a strategic roadmap for the long term.

Its goals are, firstly, to expand and high-grade the portfolio of over 500 service stations, while growing the number of forecourts owned by black entrepreneurs or run by black franchisees.

Secondly, it intends to redefine convenience retailing by upgrading and expanding its forecourt offerings.

Thirdly, it is working on optimising its supply model, by implementing a robust, integrated product and supply chain that will drive topline growth.

bpSA’s strategy fits into the global group’s broader focus on reimagining energy, as bp pivots from being an international oil company that produces resources to an integrated energy company that delivers solutions for customers. By focusing on resilient hydrocarbons; convenience and mobility; and low carbon energy, bp is ensuring that it remains relevant to future generations by adapting to an evolving market and the needs of people and the planet.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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