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Refineries & Retail

Afine lists on JSE as petrol service station Reit
8th December 2021 By: Donna Slater

Afine Investments, which holds a portfolio of income generating immovable properties focused on the petroleum sector in South Africa, plans to list as a real estate investment trust (Reit) on the... 


Petrol pump
Outrage and calls for fuel price audit as motorists overpaid for petrol on Wednesday
3rd December 2021 By: News24Wire

Some motorists unwittingly paid 6c/litre more per litre of fuel than they should have on Wednesday morning. This was before the Department of Mineral Resources and Energy admitted that it had made... 


Petrol pump
Petrol price increase was wrong, energy dept admits
1st December 2021 By: News24Wire

While the petrol price still went up on Wednesday, it was by 75c per litre, and not 81c as the department of mineral resources and energy incorrectly stated this week.  "The 6 cents difference is... 


Petrol Pumps
Big fuel price hikes announced for Wednesday
29th November 2021 By: News24Wire

The petrol price will be hiked by 81c a litre on Wednesday, while diesel will go up by between 72.5c a litre (0.05% sulphur) and 74.5c (0.005% sulphur), the department of mineral resources and... 


Vitol agrees to buy rest of Vivo Energy in $2.3bn deal
25th November 2021 By: Bloomberg

Trading giant Vitol Group agreed to buy Vivo Energy in a deal valuing the fuel retailer at about $2.3-billion. The deal will bring Vivo assets back in house for the oil trader, which sold shares in... 


Vivo Energy appoints CEO designate
9th November 2021 By: Schalk Burger

JSE-listed energy multinational Vivo Energy has appointed Stanislas Mittelman as CEO designate. He will succeed CEO Christian Chammas, who will step down in 2022. 


Record fuel prices to drive inflationary pressures
2nd November 2021 By: Bloomberg

South Africa’s petrole prices are set to rise to a record on Wednesday, adding to inflationary pressures in an economy that imports almost all of its fuel. The retail cost of 95-octane gasoline... 


A photo of the Sapref refinery
CEF mulls buying Sapref oil refinery
27th October 2021 By: Bloomberg

South Africa is considering buying the country’s biggest oil refinery, a joint venture between Royal Dutch Shell and BP, known as Sapref. The State-owned Central Energy Fund (CEF), which manages... 


Just Share continues battle for Sasol to table shareholder-proposed resolution
26th October 2021 By: Simone Liedtke

Nonprofit shareholder activism organisation JustShare on October 26 said petrochemicals company Sasol had refused to table the sixth shareholder-proposed resolution filed with the company in five... 


Sakhumnotho acquires 26% stake in Refinex, SA Tank Terminals
21st October 2021 By: Schalk Burger

Investment management company Sakhumnotho has acquired a 26% stake in the privately owned petrochemicals company Refinex and bulk liquid storage company South African Tank Terminals (SATT). This... 


Sasol posts 44% jump in Q1 chemicals revenue
21st October 2021 By: Reuters

Sasol posted a 44% rise in first-quarter revenue in its main chemicals business on higher chemical and crude oil prices, it said on Thursday. Revenue from its chemicals business, which accounts for... 


Petrol Pump
'Catastrophic' fuel price hike on the cards, AA warns
18th October 2021 By: News24Wire

A "catastrophic" fuel price hike is on the cards for November, the Automobile Association (AA) has warned. Based on its calculations, R20 per litre for petrol was "realistic" before the end of the... 


A stainless steel stove top with gas burners burning blue flame from an LPG gas supply, used for cooking
Initiative aims to double industry supply in five years
15th October 2021 By: Halima Frost

The ‘Doubling of Liquefied Petroleum Gas (LPG) Market’ initiative, driven by the Department of Mineral Resources and Energy (DMRE) and the Liquefied Petroleum Gas Association of South Africa... 


A large Gas Power Combined Cycle power plant designed by GE at dusk
Gas-to-power crucial to South Africa’s energy future
15th October 2021 By: Halima Frost

Multinational conglomerate General Electric Company (GE) Gas Power strategy & growth director Michael Konadu tells Mining Weekly that although there is no one solution to decrease South Africa’s... 


October petrol price decreases; diesel, paraffin prices increase
5th October 2021 By: Schalk Burger

Fuel prices for petrol and liquefied petroleum gas (LPG) will decrease from October 6, while diesel and illuminating paraffin prices will increase. Prices for 93-octane petrol will decrease by 4c/ℓ... 


A photo of seven air separation units and a pylon in the background
Production site acquisition finalised
1st October 2021

Multinational industrial gas company Air Liquide’s acquisition of integrated chemicals and energy company Sasol’s 16 Air Separation Units (ASUs) in Secunda, Mpumalanga has now been finalised. The... 


A photo of the fully assembled Zenith robotic inspection device including camera, controller and tripod
New drone tech improves inspection capabilities
1st October 2021 By: Darren Parker

Work-at-height company Skyriders has added the Zenith robotic inspection device –a new vertical inspection technology – to its portfolio of services. The winch-operated pan-tilt-zoom camera drone... 


A photo of a Sasol plant emitting pollution into the air while crops and flowers grow in the foreground
Carbon tax ineffective against major emitters
1st October 2021 By: Darren Parker

South Africa’s “laughably weak and ineffective” carbon tax regime is no disincentive to carbon-intensive businesses, such as integrated chemicals and energy company Sasol, environmental activist... 


A photo of a healthworker’s hands filling out a form at a table with Covid-19 vaccinations lined up in the foreground
More equipment donated in the fight against Covid-19
1st October 2021

Integrated chemicals and energy company Sasol has donated mobile clinics, vaccine carriers, laptops, specialised World Health Organisation-approved medical refrigerators and freezers, as well as... 


A large solar installation on a clients roof installed by EP Refrigeration, which is grid-tied and decreases the clients reliance on grid power
Refrigeration system to cut energy costs available
17th September 2021 By: Halima Frost

With South African retailers looking for ways of recovering from the latest lockdown, as well as the looting and vandalism, an opportunity to decrease costs on the system that comprises the bulk of... 


Nigeria's Dangote in talks with traders for oil refinery loan
15th September 2021 By: Reuters

Africa's richest man Aliko Dangote is in talks with some of the world's biggest oil traders to help finance his mega refinery project outside of Nigeria's commercial centre Lagos, sources with... 


Struggling fuel retail sector needs to transform, says FRA
7th September 2021 By: Schalk Burger

With margin erosion owing to poor implementation of the Regulatory Accounts System (RAS) leading to fuel retail outlets under-recovering about 12c a litre and alternatives to fuels being driven by... 


Dangote refinery complex in Nigeria set to cost $19bn
2nd September 2021 By: Bloomberg

A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected. “Our capex will almost... 


An image of gas extraction at Renergen's Virginia Gas project
Fully developed legislation needed
27th August 2021 By: Nadine Ramdass

The legislation has not caught up with where the gas industry needs it to be, says gas producer Renergen CEO and MD Stefano Marani. Technical aspects that are critical to companies’ decision-making... 


Sasol donates equipment to assist Free State govt in Covid-19 vaccine roll-out
23rd August 2021 By: Yvonne Silaule

Integrated energy and chemicalS company Sasol has donated equipment to the Free State provincial government to support the roll-out of Covid-19 vaccines. The equipment included a custom-built... 


Fuel pumps
Fuel prices may dip in September if oil downtrend continues
17th August 2021 By: News24Wire

The latest calculations by the Central Energy Fund show that – at the current levels of the dollar/rand rate and oil prices – diesel prices may be cut slightly in September, while petrol could be... 


Sasol expects full-year earnings to more than double
6th August 2021 By: Donna Slater

Chemicals and energy company Sasol reports that its earnings a share for the financial year ended June 30, are expected to be between R12 and R18, compared with the loss a share of R148.49 reported... 


Nigeria approves $15.4bn refinery, railway projects
6th August 2021 By: Bloomberg

Nigeria’s government approved major transport and energy investments, including a stake in a giant private refinery, that are expected to cost $15.4-billion. Ministers in the West African nation... 


Sasol donates R10m to help rebuild businesses, communities affected by unrest
5th August 2021 By: Creamer Media Reporter

Energy and chemicals company Sasol has committed R10-million to help rebuild businesses and communities that have been devastated by the recent unrest in KwaZulu-Natal and Gauteng.  The funds were... 


An image of a Caltex garage
Caltex service stations to be rebranded as Astron Energy
4th August 2021 By: Donna Slater

All Caltex-branded service stations in South Africa and Botswana will be rebranded as Astron Energy. Astron owns South Africa’s second largest petroleum network and there are over 850... 


Africa needs to spend $15.7bn on refineries to curb emissions
4th August 2021 By: Bloomberg

African nations need to spend about $15.7-billion on their refineries to curb emissions and meet climate-change targets as demand for oil and gas surges, according to an industry lobby group.... 


Energy industry veteran Dr Thabo Kgogo passes away
3rd August 2021 By: Marleny Arnoldi

The family of energy industry veteran Dr Thabo Kgogo has advised of his passing from Covid-19 complications on July 30. Most recently, he served as CEO of asset manager Gemcorp Energy’s... 


Sasol says its energy business delivers satisfactory full-year performance
27th July 2021 By: Schalk Burger

Integrated energy and chemicals multinational Sasol's energy business had delivered a satisfactory performance, in line with expectations, for the financial year ended June 30. The company on July... 


Sasol partners with Mpumalanga govt, launches five-day vaccination drive
26th July 2021 By: Yvonne Silaule

Energy and chemicals company Sasol's Secunda operations has, in partnership with the Mpumalanga government, launched a five-day Covid-19 vaccination drive, starting on July 26. This formed part of... 


Sapref refinery to begin restart on July 21
21st July 2021 By: Reuters

South Africa's largest crude oil refinery, Sapref, will begin restarting on July 21, after temporarily shutting down as a wave of violent looting swept across the country, the operators said in a... 


Afrox working with authorities to ensure deliveries of medical oxygen to hospitals
15th July 2021 By: Creamer Media Reporter

Gas supplier Afrox says it is working with the authorities and that hospital deliveries to areas affected by civil strife remain a priority where police escort is available. As a result of the... 


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