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Refineries & Retail News

Forensic audit into sale of SA fuel stocks complete – Mantashe

By: African News Agency 11th July 2019 A forensic probe into the selling off of South Africa's strategic fuel stocks was complete, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday. Tabling the energy department's budget vote, Mantashe said: "The forensic audit into the developments at the SFF [Strategic Fuel Fund]... →

Forensic probe into 2015 sale of strategic fuel stocks complete – Mantashe

By: News24Wire 10th July 2019 A forensic probe into how South Africa's strategic fuel stock was sold off in late 2015 has been completed and will be submitted to Gwede Mantashe, Minister of Energy and Mineral Resources. Mantashe wrote in a recent Parliamentary reply that the investigation had been wrapped up and the report... →

Fuel prices to decrease on Wednesday

By: African News Agency 30th June 2019 Fuel prices will decrease on Wednesday the department of energy has announced. In a statement on Friday the department said the combined cumulative petrol and diesel slate balances at the end of May 2019 amounted to a negative balance of R469-million. →

Petrol price to drop by 96c a litre

By: African News Agency 28th June 2019 Fuel prices will decrease on Wednesday the department of energy has announced. In a statement on Friday the department said the combined cumulative petrol and diesel slate balances at the end of May 2019 amounted to a negative balance of R469-million. →

Large fuel price drop expected for July says AA

By: News24Wire 27th June 2019 Lower international oil prices have set up a substantial fuel price drop for July, according to the Automobile Association. In a fuel price prediction on Thursday, the association said it is expecting the petrol to drop by 86 cents a litre, diesel by 68 cents, and illuminating paraffin by 58... →

South Africa working on new oil, gas policy to enable growth

By: Bloomberg 26th June 2019 South Africa is working on a policy to govern the development of oil and gas resources after calls by potential investors to shield the industry from a long-running debate over laws that apply to mining exploration. The finalising of oil legislation has become more urgent since Total announced... →

Mineral Resources and Energy Minister Gwede Mantashe

Campaign groups accuse Total of breaching French corporate duty law in Uganda

By: Reuters 25th June 2019 French and Ugandan campaign groups including Friends of the Earth have filed a legal notification with Total, claiming it has failed to address the human and environmental impact of its Ugandan operations as required by French law. Under France's Corporate Duty of Vigilance regulation, large... →

Vivo Energy in joint venture to accelerate growth of KFC franchise in East Africa

By: African News Agency 20th June 2019 Vivo Energy said on Thursday it had agreed to form a joint venture with Kuku Foods East Africa Holdings, the owner of KFC franchises in East Africa, to accelerate the growth of its current franchise portfolio of 30 restaurants in Kenya, Uganda and Rwanda. Vivo Energy, the pan-African retailer and... →

Good news for SA motorists! Huge 91c fuel price drop – AA

By: News24Wire 14th June 2019 Retreating oil prices have painted a rosier picture for South African fuel users than has been the case for much of 2019. This is according to the Automobile Association which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. At this stage of the month,... →

Environmental organisations take Highveld pollution matter to court

By: Marleny Arnoldi 10th June 2019 Environmental justice group groundWork and community organisation Vukani Environment Justice Movement in Action have launched “landmark litigation”, demanding that government clean up the air in the Mpumalanga Highveld. GroundWork and Vukani on June 7 served papers to the High Court, asking that... →

Sasol secures $1.8bn for Lake Charles project

By: Marleny Arnoldi 7th June 2019 JSE-listed petrochemicals company Sasol announced on Friday that its subsidiary Sasol Financing USA had entered into new US dollar-denominated senior unsecured credit facilities, comprising a $1.6-billion term loan facility and a $150-million revolving credit facility. The facilities have a... →

Sasol's Lake Charles Chemical Project

Oil giants' chemical lifeline threatened by plastic-trash crisis

By: Bloomberg 6th June 2019 As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco... →

Mantashe on fuel prices: SA could have a reprieve in July

By: News24Wire 5th June 2019 There could be a reprieve from fuel price hikes in July, Minister of Mineral Resources and energy Gwede Mantashe has said. Recent fuel price hikes are due to "local and international factors" including the carbon tax levy, effective from June 1, 2019. However, he said, "Going forward, the... →

Mineral Resources Minister Gwede Mantashe

Second Lake Charles facility reaches beneficial operation

By: Nadine James 3rd June 2019 Petrochemicals company Sasol on Monday said the new ethylene oxide/ ethylene glycol (EO/EG) production facility at its Lake Charles Chemicals Project (LCCP), in Louisiana, in the US, had reached beneficial operation. The EO/EG unit is the second of seven LCCP production facilities to come on stream. →

Startups strive to recycle emissions for 'new carbon economy'

By: Reuters 31st May 2019 Jennifer Holmgren, CE of carbon recycling firm LanzaTech, explained modestly how the Chicago-based startup had cut multimillion-dollar deals on four continents, including in China, aimed at helping curb climate change and air pollution. At the Jingtang Steel Mill in Heibei province, the company... →

Total to hold talks with Algeria over Anadarko assets

By: Reuters 29th May 2019 Total will meet Algerian authorities for talks over its plans to buy Anadarko's assets in the country and is not worried by media reports that Algiers would block the deal, CE Patrick Pouyanne said on Wednesday. "We will meet Algerian authorities very soon," Pouyanne told shareholders at the... →

PetroConnect calls for fuel industry collaboration

By: Simone Liedtke 21st May 2019 With the South African energy sector undergoing significant change, particularly with the introduction of the Liquid Petroleum Sector Codes currently under way, PetroConnect directors Mark Harper and Sbonelo Mbatha have called on the fuel industry to “see transformation as an opportunity and not... →

Photo by Creamer Media's Dylan Slater
PetroConnect director Mark Harper

Zimbabwe hikes diesel, petrol prices by up to 47% – energy regulator

By: Reuters 21st May 2019 Zimbabwe's energy regulator on Tuesday announced that prices of diesel and petrol had been increased by up to 47% effective immediately, a day after the central bank said oil firms would now buy dollars to import fuel on the interbank market. The latest price increase had been expected and... →

Zimbabwe to subsidise public transport as inflation jumps

By: Bloomberg 21st May 2019 Zimbabwe will subsidise public transport and cut fuel duties by more than half as it tries to ease the impact of rampant inflation on its poorest citizens, according to Finance Secretary George Guvamatanga. The support will cost about $8-million a month, Guvamatanga said by phone on Monday. “A... →

Minor petrol, diesel price increase at month end – AA

By: News24Wire 15th May 2019 Fuel data for May 2019 "is showing a listless fuel price picture", reports the Automobile Association, quoting unaudited mid-month fuel price data released by the Central Energy Fund. The AA says: "The overall picture is of little change. The Rand has slipped marginally by thirteen cents against... →

Mnangagwa gets rid of Energy Minister amid power cuts, fuel crisis

By: African News Agency 15th May 2019 President Emmerson Mnangagwa on Tuesday night dropped energy and power development minister, Joram Gumbo, amid crippling fuel shortages and power cuts that have rocked Zimbabwe. Gumbo was has been moved to the less prominent portfolio of minister of state for presidential affairs. →

Hefty rise in petrol price for May

By: African News Agency 29th April 2019 The price of both grades of petrol - 93 octane and 95 octane unleaded and lead replacement petrol - will increase by 54c/l with effect from midnight on Tuesday, the energy department has announced. Diesel 0.05 percent sulphur will increase by 1c/l, while the price of diesel 0.005 percent sulphur... →

Fuel prices a sore thumb for businesses, consumers

By: News24Wire 18th April 2019 Higher fuel prices have contributed largely to the increase in March inflation, and industry has warned of the effects it is having on business profitability. Stats SA on Wednesday released March inflation figures, which increased to 4.5% compared to 4.1% reported in February. Transport costs... →

Sasol reports stabilisation in synfuels output

By: Terence Creamer 18th April 2019 Chemicals and energy group Sasol reports that output at its Secunda Synfuels Operations (SSO) stabilised in the third quarter, following the total shutdown of the West factory during the first half of its 2019 financial year, which had negatively affected production. In a note to shareholders,... →

Nigeria has no intention of cutting fuel subsidy at this time

By: Reuters 18th April 2019 Nigeria has no intention of removing subsidies on petroleum products, its finance minister said on Wednesday after the International Monetary Fund (IMF) advised the country to eliminate them to protect public finances. Africa's top oil producer and biggest economy heavily subsidises gasoline and... →

Fuel price cap still being investigated, energy department says

By: News24Wire 17th April 2019 The Department of Energy is still researching the feasibility of implementing a fuel price cap, and the outcome will be announced in due course, a spokesperson said on Wednesday. The possibility of a hard price ceiling on 93 unleaded fuel was mooted by Energy Minister Jeff Radebe in mid-October... →

Sapref’s new R50m reactor to enable better low-sulphur diesel production

By: Nadine James 17th April 2019 The South African Petroleum Refinery’s (Sapref’s) new R50-million reactor arrived at the Durban port earlier this week. The 242 t, 31-m-long reactor will enable Sapref, which is a joint venture between Shell Refining South Africa and BP Southern Africa, to produce “better, low-sulphur diesel”,... →

UMKHOMA REACTOR

Mantashe urges continued investment in clean coal tech

By: Tasneem Bulbulia 12th April 2019 Mineral Resources Minister Gwede Mantashe on Friday commended Sasol for the “good work” it was doing and the opening of its new Impumelelo Colliery. He said it was notable that the opening of the mine came at a time when coal is under siege and that it should counter the narrative that coal is... →

Sasol executive director and joint president and CEO Stephen Cornell provides details of the new Impumelelo colliery. Video and editing: Nicholas Boyd.

Sasol names Sipho Nkosi as next chairperson

By: Bloomberg 11th April 2019 Sasol appointed Sipho Nkosi to its board and said the former coal-industry executive will become chairperson in November when Dr Mandla Gantsho steps down. The change of leadership comes during a vital year for Sasol, as the South African fuel and chemical manufacturer nears completion on its... →

Photo by Creamer Media
Sipho Nkosi

Glencore announces finalisation of Astron acquisition

By: Creamer Media Reporter 9th April 2019 Glencore South Africa Oil Investments on Monday announced the close of its acquisition of 75% of Astron Energy in South Africa and 100% of Astron Botswana – the two businesses previously owned and operated by Chevron South Africa. Glencore said it was looking forward to working with the Astron... →

Brace for another massive fuel price hike – AA

By: News24Wire 29th March 2019 Motorists should brace for another massive fuel price hike next week, the Automobile Association (AA) warned on Friday. Given the latest data from the Central Energy Fund (CEF), the AA expects petrol to increase by a total of R1.28 a litre, diesel by 77 cents a litre, and illuminating paraffin by... →

April fuel price increase to impact workers

By: African News Agency 28th March 2019 The expected sharp increase of about R1,35/litre in fuel price is likely to see workers struggle financially in April, trade union Uasa said on Thursday. The fuel price in South Africa is already around R14.62 per litre, meaning basic commodities and transport are becoming expensive. →

$30bn investment push into Africa’s downstream oil industry sparks optimism

By: Kim Cloete 28th March 2019 Africa’s demand for energy, which is far higher than that of other regions in the world, is expected to be very positive for the African oil downstream industry, which has seen a $30-billion investment push in logistics, distribution, storage terminals, import facilities and retail marketing in... →

Radebe refutes allegations on South Sudan refinery

By: African News Agency 28th March 2019 Energy Minister Jeff Radebe said on Thursday his plans for potential South African involvement in an oil venture in South Sudan were above board and aimed at securing access to cheaper crude oil and curbing the local fuel price. "As government we would want to get to a situation in which the... →

Energy Minister Jeff Radebe

Sahara Energy CEO calls for swift unified standards for petroleum trade in Africa

By: Kim Cloete 27th March 2019 Sahara Energy CEO Tope Shonubi has called for more momentum to adopt unified standards for petroleum trade across Africa to replace the current fragmented African market. A "lack of unitisation, inefficiencies, scale and different specifications brings about chaos", he told delegates at the... →

Vitol analyst explains slide in global oil demand

By: Kim Cloete 27th March 2019 Global oil demand has weakened significantly over the past few months, largely due to slowing economic momentum across most markets, says energy and commodities company Vitol analyst Simon Warren. He told delegates at the annual conference of the African Refiners and Distributors Association... →

Astron Energy signals commitment to growing its Cape Town refinery, service stations

By: Kim Cloete 26th March 2019 Standalone South African energy company Astron Energy is upbeat about investing in both its Cape Town refinery, as well as its Caltex-branded service stations over the next few years. “Investment in South Africa has positive potential. South Africa has the highest fuel consumption in sub-Saharan... →

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