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Refineries & Retail News

Production of petroleum products continuing under lockdown − Sapia

By: Donna Slater 1st April 2020 The South African Petroleum Industry Association (Sapia) has confirmed that the production and distribution of petroleum products is continuing during the 21-day national lockdown, as the liquid fuels industry forms part of essential products and services. Although two refineries are currently... →

Enviro reporting, licensing processes to enjoy extended timeframes

By: Marleny Arnoldi 1st April 2020 Law firm Webber Wentzel says that, in light of the current restrictions of movement of people in South Africa to curb the spread of Covid-19, various timeframes around environmental applications and others have been extended. Environment, Forestry and Fisheries Minister Barbara Creecy on March... →

Photo by Creamer Media's Donna Slater
Environment, Forestry and Fisheries Minister Barbara Creecy

Engen refinery temporarily shut amid low demand

By: Donna Slater 30th March 2020 The Durban-based petroleum refinery of fuels, lubricants and oil-based products distributor and marketer Engen has undergone a temporary controlled shut down, effective March 27, as a result of forecasted lower demand for petroleum products during the national lockdown which came into effect from... →

Sasol ramps up sanitiser chemicals production

By: Marleny Arnoldi 30th March 2020 JSE-listed petrochemicals giant Sasol has developed a new unique blend of alcohol-based chemicals to be used in the manufacture of hand sanitisers to help address the increase in market demand for these products. “While global demand and pricing for ethanol and isopropanol alcohol has increased... →

Privatisation slowly becoming reality

By: Tracy Hancock 20th March 2020 The type of participants attending this year’s Power & Electricity World Africa & The Solar Show are proof that Africa seeks to become less reliant on governments for its electricity supply, says event organiser Terrapinn Power & Electricity World Africa conference producer Caroline Mubima.... →

DRIVEN DISCUSSION The growing adoption of electric vehicles is one trend expected to dominate discussion at Power & Electricity World Africa 2020

Consultancy predicts potential downcycle for petrochemicals industry

13th March 2020 Chemicals consultancy group Wood Mackenzie predicts the start of a downcycle in China’s petrochemicals industry. A supply overhang has hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to follow. →

Photo by Bloomberg
TURBULENT MARKETS Weak global economic growth, the US-China trade war, a decrease in automobile production and a booming electronic-commerce industry influenced China’s polyolefins market last year

Sasol’s record plunge boosts speculation of a rights issue

By: Bloomberg 10th March 2020 Sasol’s record share plunge on Monday, coming as the oil price slumped and just days after the company credit rating was cut to junk by Moody’s Investors Service, is raising concern among investors that it may need to hold a rights offer as it struggles with a debt burden of about $8-billion. The... →

Sasol leads South African stocks to 4-year low as oil crash hits global markets

By: Reuters 9th March 2020 South African stocks plunged to a more than four-year low on Monday, joining a global sell-off in riskier assets as oil prices collapsed more than 30%, hitting chemical and energy firm Sasol the hardest. Saudi Arabia's plans to hike crude production and slash its official selling price came after... →

Fuel prices projected to fall as coronavirus fears impact global oil price – AA

By: News24Wire 28th February 2020 The Automobile Association (AA) has said that motorists can expect "substantial fuel price reductions" next month, in part due to falling world oil prices as coronavirus fears impact global economic activity. "The impact of the novel coronavirus outbreak on global economic activity cannot be... →

South Africa’s Astron ‘a nice short to have for the trading business’ – Glencore

By: Martin Creamer 18th February 2020 Glencore CEO Ivan Glasenberg on Tuesday described his company’s investment in Astron Energy oil refinery and fuel distribution station business in South Africa as “a nice short to have for the trading business”. The Chevron oil refinery in Cape Town and the Caltex brand now fall under Astron... →

Numsa signs wage deal in motor retail, components sector

By: Schalk Burger 28th January 2020 The National Union of Metalworkers of South Africa (Numsa), which represents about 306 000 employees at automotive components companies, petrol stations and car dealerships, has signed a three-year wage agreement. Under the terms of the wage agreement, Numsa members employed by component... →

AA projects fall in fuel prices for February as global oil price declines

By: News24Wire 28th January 2020 The Automobile Association has said that global declines in the price of oil since the second week of 2019 will likely give South African motorists a breather for February. According to its projections, 95 Octane petrol will drop by around 13 cents a litre, 93 Octane petrol will drop by 4 cents... →

Uganda says refinery investor group nearing final decision

By: Bloomberg 22nd January 2020 The General Electric-led group picked to build a $3.5-billion refinery in Uganda is close to making a final investment decision for the project, according to the country’s Ministry of Energy and Mineral Development. The decision requires the start of work on the infrastructure connected to the... →

Demand increasing for boiler cleaning

By: Cameron Mackay 17th January 2020 There has been a signifiscant increase in demand for industrial and chemical cleaning solutions provider Gra-Tech’s chemical cleaning of package boilers, as industries in which package boilers are used are looking to optimise operational efficiencies and reduce costs. Package boilers are smaller... →

SQUEAKY CLEAN Preoperational cleaning of boilers before commissioning require a 1% hydrofluoric acid solution to remove most mill scale and fabrication defects

Vivo to cooperate with Moroccan authority regarding fuel investigation

By: Simone Liedtke 16th January 2020 JSE-listed Vivo Energy has confirmed that its subsidiary in Morocco has received a report from the investigators in charge of the Conseil de la Concurrence’s (CdC’s) ongoing review of the competitive dynamics of the Moroccan fuel retailing industry. Based on the procedures specified in the rules,... →

US-Iran conflict to affect February fuel price adjustment – AA

By: African News Agency 15th January 2020 Unleaded 95 Octane petrol is expected to drop by eight cents a litre in February, but 93 Octane petrol, diesel and illuminating paraffin are all set to increase at month-end due to the tensions between Iran and the US, the Automobile Association said on Wednesday. Commenting on unaudited... →

Company provides solutions for sectioned refinery shutdown

6th December 2019 Generator and compressor rental company Rand Air’s oil-free compressors, portable generators and nitrogen generators ensure ‘well-oiled’ refinery shutdowns, says Rand Air Durban area manager Rudi de Vry. In June, South Africa’s largest refinery completed a month-long shutdown, during which... →

SA petrol price to rise by 22 cents, retail paraffin cost to dip 24 cents effective Wednesday

By: African News Agency 3rd December 2019 The retail price of both grades of petrol sold in South Africa will rise by 22 cents a litre from Wednesday while the wholesale price of diesel will dip by as much as 15.95 cents, a statement from the mineral resources and energy department said on Tuesday. The department said the retail prices... →

Sasol scores ‘own goal’ as climate pressure mounts in South Africa

By: Bloomberg 29th November 2019 Sasol, South Africa’s second-biggest polluter, angered some of its investors by refusing to put a resolution on its response to climate change to shareholders and could face legal challenges if it continues to refuse votes on the issue. Sasol dismissed a request by some investors, including Old... →

Sasol pledges climate action

By: Bloomberg 27th November 2019 Sasol, South Africa’s second-biggest producer of greenhouse gases after State-owned Eskom Holdings, pledged more clarity on plans to reduce its impact on the environment. The company, which together with Eskom also produces pollutants such as sulfur dioxide and particulate emissions, said its... →

Tanzania secures $1bn syndicated loan from TDB bank for infrastructure

By: Reuters 26th November 2019 Tanzania has received a $1-billion syndicated loan arranged by the Trade and Development Bank for infrastructure projects and is seeking an additional $500-million from the regional lender, the presidency said. The government said in 2016 it had agreed a $7.6-billion loan from China's... →

Sasol warns of lower interim earnings

By: Marleny Arnoldi 25th November 2019 JSE- and NYSE-listed Sasol expects its headline earnings per share (HEPS) for the six months to end December 31, to be at least 20%, or R4.65, lower than the HEPS of R23.25 reported for the six months ended December 31, 2018. The company on Monday said its earnings per share (EPS) should be about... →

Optimising processes for consumer convenience

22nd November 2019 With the intent of growing and expanding its retail business footprint, integrated chemicals and energy company Sasol is adapting its processes to best suit consumer needs. →

Photo by Sasol
BEACON OF LIGHT Sasol retailers aim to create a personalised and digitally connected platform for the consumer

Company continues to aim for balanced debt maturity profile

22nd November 2019 Integrated chemicals and petrochemicals major Sasol continues to actively manage its balance sheet with the objective of maintaining a robust liquidity position and a balanced debt maturity profile. →

FLEETWOOD GROBLER The new Sasol president, chief executive officer and executive director as effective November 1, 2019

Rope access ensures optimal maintenance of petrochem tanks

By: Theresa Bhowan 22nd November 2019 The highly explosive nature of the petrochemicals environment requires trained personnel, and often the scope of the work involves a work-at-height and or confined space element, which puts rope-access specialist Skyriders in the frame with its capabilities in performing maintenance and repair... →

UP, UP AND AWAY Skyriders’ projects and safety team assesses the task at hand and determines the type of equipment needed to carry out the task safely

Retail expansion an attainable goal

By: Theresa Bhowan 22nd November 2019 Listed as an overarching strategic focus, Sasol’s Retail division forms an integral part of the Sasol Groups’ investment strategy. Sasol Energy Retail and Corporate Affairs VP Mohamed Carrim, says that the organisation aims to substantially grow its market share in the foreseeable future as it... →

Photo by Sasol
FILL ‘ER UP Sasol has 409 Sasol Convenience Centres nationally each consisting of a forecourt, a convenience store, and a bakery

Fuel for rockets, Zeppelins points toward green heat solution

By: Bloomberg 18th November 2019 It’s the most nettlesome problem in the quest to ditch fossil fuels: how can you get thousand-degree heat used in factory furnaces without pumping billions of tons of greenhouse gases into the atmosphere? Heat-intensive processes like steelmaking and oil refineries are the starting point for... →

The Enel Fusina hydrogen plant near Venice, Italy.

Petrol price set to rise in December, but diesel may drop – AA

By: News24Wire 15th November 2019 Given the current level of the rand and the global price of oil, the petrol price will rise in the first week of December while diesel and paraffin will decline, according to the Automobile Association. The association said in a statement on Friday that it predicts an increase of 11 cents a litre... →

Petrol price to dip by 13 cents, paraffin by 31 cents from Wednesday

By: African News Agency 5th November 2019 The retail price of both grades of petrol sold in South Africa will decrease by 13 cents a litre from Wednesday and the wholesale price of diesel will fall by as much as 16 cents, the energy department has said. In a statement, the department said the retail prices of illuminating paraffin, used... →

Petrol, diesel should be slightly cheaper next week – AA

By: News24Wire 29th October 2019 The Automobile Association is anticipating fuel price drops in November of between 8c and 18c per litre for petrol, 14c for diesel, and 21c for illuminating paraffin”. This is in the wake of oil price retreats in October, the AA said in a statement on Tuesday, commenting on unaudited month-end... →

Petrol price cuts are now on the cards

By: News24Wire 23rd October 2019 A combination of falling oil prices and a surprise rally in the rand may ease the financial pressure on motorists at the pump in the first week of November. The latest data from the Central Energy Fund shows that petrol prices could be cut by between 3c a litre (95 unleaded) to 15c (93), while... →

Sapref appoints new MD

By: Creamer Media Reporter 17th October 2019 Victor Bester has been appointed MD of the Sapref crude oil refinery, in KwaZulu-Natal. He succeeds Ton Wielers, whose assignment has come to an end after almost six years at the refinery. →

Sapref MD Victor Bester

Numsa rejects employers proposal in motor retail, components sector

By: African News Agency 14th October 2019 The National Union of Metalworkers of South Africa (Numsa) has rejected the latest wage agreement proposals by employer bodies in the motor retail and components sectors, Numsa said on Sunday. Numsa had met employer bodies from the Motor Industries Bargaining Council (Mibco) for the last day of... →

Fuel pumps supplied to revamped filling station

By: Darren Parker 4th October 2019 Local fuel pump manufacturer and supplier Prowalco Tatsuno completed the refurbishment of a filling station, in Pretoria, for private owner and developer Marius Smith last month. The project is worth about R6-million. →

FUEL-FILLING SUPPLY The Icon 1000 series’ state-of-the-art technology keeps the fuel flowing

IPO for South African fuel giant Engen planned for 2020

By: Bloomberg 1st October 2019 Petroliam Nasional and its South African partners plan to conduct an initial public offering in their fuel retailer Engen to fund the upgrade of a refinery in the coastal city of Durban and to expand its network of gas stations. A yet to be decided amount of shares in the company, which is South... →

More painful petrol, diesel price hikes ahead

By: News24Wire 26th September 2019 All hope of a fuel price cut in October is likely lost, according to the latest data from the Central Energy Fund. A strong rand rally at the start of September initially put the petrol price on track for a cut in the first week of October. But then an attack on a major oil facility in Saudi... →

SA SME Fund, Masisizane Fund partner to create black fuel franchise owners

By: Creamer Media Reporter 26th September 2019 Investment vehicle, the SA SME Fund has partnered with nonprofit initiative Masisizane Fund to create a R70-million fund – the Masisizane Franchise Fund – to invest in black-owned fuel station dealerships. The fund is expected to create long-term wealth and economic opportunities for black... →

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Power Service Sustainable Energy Financial Gas Gold Industrial Oil And Gas PROJECT Wood Mackenzie Africa Cutting Environment Petroleum Castings Metso Transnet Atlantis Foundries DataProphet DISA Norican Group Services Chemical Commodity Prices Consultancy Crude Oil Import Licences Higher-than-gross Domestic Product 4IR Technologies Energy Consumption Energy Management ... more

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