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Refineries & Retail

DMRE welcomes new female energy sector business leaders
5th June 2020 By: Donna Slater

Mineral Resources and Energy Minister Gwede Mantashe has welcomed the recent appointments of a number of women to senior executive positions in the energy sector. According to the Department of... 


 Fuel price set to rise as economy gears up for Level 3 – AA
Fuel price set to rise as economy gears up for Level 3 – AA
29th May 2020 By: News24Wire

The fall in the petrol price of recent months is set to come to an end in June, according to the latest projections released by the Automobile Association on Friday. The Association said in a... 


Entries for Sasol Business Accelerator programme now open
28th May 2020 By: Donna Slater

Petrochemicals and chemicals manufacturer Sasol reports that it has opened entries for small, medium-sized and microenterprises (SMMEs) in the manufacturing, engineering services and recyclables... 


Sasol CFO Paul Victor
Reports of CEF acquiring Sasol’s fuel retail network dismissed
27th May 2020 By: Terence Creamer

Chemicals and energy group Sasol has dismissed reports that it plans to sell its fuel retail business as part of an ongoing asset disposal process, while the State-owned Central Energy Fund (CEF)... 


CEF looks to buy Sasol assets to end losses
26th May 2020 By: Bloomberg

The State-owned Central Energy Fund (CEF) is considering buying assets that have been put on the block by fuel and chemical maker Sasol as it seeks to restore itself to profitability. The CEF... 


CEF fills all vacant CEO positions for group companies
11th May 2020 By: Donna Slater

Having not had permanent CEOs since 2014, the Central Energy Fund (CEF) has now filled the position of group CEO, as well as all vacant CEO positions at its group companies, in particular at the... 


International oil, gas industry in unchartered waters – Norton Rose Fulbright
International oil, gas industry in unchartered waters – Norton Rose Fulbright
6th May 2020 By: Donna Slater

The oil and gas industry is experiencing a “truly historic moment”, with prices having dropped below zero for a barrel of oil and liquefied natural gas (LNG) shipments likely to be halted in the... 


Vivo Energy reports Covid-19-related slump in demand for its products
30th April 2020 By: Donna Slater

Pan-African fuel and lubricant retailer and distributor Vivo Energy has reported a first-quarter gross profit of $179-million, up 6% from the first quarter of 2019, with a strong available... 


Govt set to lose up to R7bn in April on fuel levies, says AA
Govt set to lose up to R7bn in April on fuel levies, says AA
29th April 2020 By: Irma Venter

With the significant drop in fuel use seen during April’s lockdown, government’s revenue from the general fuel levy (GFL), which comprises about 25% of every litre of fuel, is set to suffer a major... 


Sasol cuts output as Covid-19 eats into fuels and chemicals demand
Sasol cuts output as Covid-19 eats into fuels and chemicals demand
23rd April 2020 By: Terence Creamer

Embattled chemicals and energy group Sasol reports that South Africa’s lockdown is having a significant impact on fuel demand, as well as demand for chemicals used in the mining and construction... 


MAKING IT WORK
Metal Tank Industries’ streamlined production processes has helped it become more competitive in terms of costing
Business is booming for supplier
10th April 2020 By: Darren Parker

Stainless steel vessels and tanks supplier Metal Tank Industries has noted a definite market upswing in the past eight months, particularly in the food and beverage sector, as well as in the... 


Sapref donates equipment to the Bluff clinic, in KwaZulu-Natal
Sapref donates masks, goggles to community clinics
7th April 2020 By: Marleny Arnoldi

The Sapref refinery, a joint venture between Shell South Africa Refining and BP Southern Africa, has heeded the call for corporates to donate their personal protective equipment (PPE) stock to the... 


Chemicals industry likely to face longer-than-expected downturn, says ICIS
7th April 2020 By: Donna Slater

The Independent Commodity Intelligence Service (ICIS) has warned the international chemical sector to prepare for an extended downturn along with lower-for-longer oil prices, both of which will... 


Production of petroleum products continuing under lockdown − Sapia
1st April 2020 By: Donna Slater

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... 


Environment, Forestry and Fisheries Minister Barbara Creecy
Enviro reporting, licensing processes to enjoy extended timeframes
1st April 2020 By: Marleny Arnoldi

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... 


Engen refinery temporarily shut amid low demand
30th March 2020 By: Donna Slater

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... 


Sasol ramps up sanitiser chemicals production
Sasol ramps up sanitiser chemicals production
30th March 2020 By: Marleny Arnoldi

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... 


DRIVEN DISCUSSION
The growing adoption of electric vehicles is one trend expected to dominate discussion at Power & Electricity World Africa 2020
Privatisation slowly becoming reality
20th March 2020 By: Tracy Hancock

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... 


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
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... 


Sasol’s record plunge boosts speculation of a rights issue
10th March 2020 By: Bloomberg

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... 


Sasol leads South African stocks to 4-year low as oil crash hits global markets
Sasol leads South African stocks to 4-year low as oil crash hits global markets
9th March 2020 By: Reuters

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... 


 Fuel prices projected to fall as coronavirus fears impact global oil price – AA
Fuel prices projected to fall as coronavirus fears impact global oil price – AA
28th February 2020 By: News24Wire

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... 


South Africa’s Astron ‘a nice short to have for the trading business’ – Glencore
18th February 2020 By: Martin Creamer

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... 


Numsa signs wage deal in motor retail, components sector
28th January 2020 By: Schalk Burger

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... 


 AA projects fall in fuel prices for February as global oil price declines
AA projects fall in fuel prices for February as global oil price declines
28th January 2020 By: News24Wire

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... 


Uganda says refinery investor group nearing final decision
22nd January 2020 By: Bloomberg

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... 


SQUEAKY CLEAN 
 
Preoperational cleaning of boilers before commissioning require a 1% hydrofluoric acid solution to remove most mill scale and fabrication defects
Demand increasing for boiler cleaning
17th January 2020 By: Cameron Mackay

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... 


Vivo to cooperate with Moroccan authority regarding fuel investigation
16th January 2020 By: Simone Liedtke

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... 


 US-Iran conflict to affect February fuel price adjustment – AA
US-Iran conflict to affect February fuel price adjustment – AA
15th January 2020 By: African News Agency

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... 


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... 


SA petrol price to rise by 22 cents, retail paraffin cost to dip 24 cents effective Wednesday
SA petrol price to rise by 22 cents, retail paraffin cost to dip 24 cents effective Wednesday
3rd December 2019 By: African News Agency

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... 


Sasol scores ‘own goal’ as climate pressure mounts in South Africa
29th November 2019 By: Bloomberg

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... 


Sasol pledges climate action
27th November 2019 By: Bloomberg

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... 


Tanzania secures $1bn syndicated loan from TDB bank for infrastructure
26th November 2019 By: Reuters

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... 


Sasol warns of lower interim earnings
25th November 2019 By: Marleny Arnoldi

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... 


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


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