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Refineries & Retail News

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... 

Environmental organisations take Highveld pollution matter to court

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 secures $1.8bn for Lake Charles project
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... 

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

PetroConnect calls for fuel industry collaboration
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... 

Minor petrol, diesel price increase at month end – AA

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... 

Hefty rise in petrol price for May

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... 

Fuel prices a sore thumb for businesses, consumers

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,... 

Sasol reports stabilisation in synfuels output

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... 

Fuel price cap still being investigated, energy department says

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”,... 

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

Mantashe urges continued investment in clean coal tech
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... 

Sasol names Sipho Nkosi as next chairperson
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... 

Glencore announces finalisation of Astron acquisition

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... 

 Brace for another massive fuel price hike – AA

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. 

 April fuel price increase to impact workers

$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... 

 Radebe refutes allegations on South Sudan refinery
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... 

Sasol donates $250 000 to those hit by tropical cyclone Idai

By: African News Agency      22nd March 2019 Sasol on Thrsday committed to donate $250 000, or about R3.56-million, for the relief and support of communities that have been severely affected by the tropical cyclone Idai in Beira and Dondo in Sofala province of Mozambique. This will also be provided to other impacted areas in Inhambane... 

Levies to add to expected fuel price hike in April – AA 

By: News24Wire      15th March 2019 South African consumers should brace for a possible increase in the basic fuel price in April of 98 cents per litre for petrol, 70 cents per litre for diesel and 63 cents per litre for illuminating paraffin, the Automobile Association (AA) said in a statement on Friday. The AA warned that the... 

 Levies to add to expected fuel price hike in April – AA

Uganda probes refinery over alleged smuggling of gold

By: Reuters     14th March 2019 Ugandan authorities said on Wednesday they are investigating the country's biggest gold refinery over recent imports of an estimated 7.4 tonnes of gold, worth some $300-million. Ugandan state-run media has reported the gold could have originated from Venezuela, which has been selling gold to prop... 

Novo Energy launches R130m gas compression facility in eMalahleni  

By: Marleny Arnoldi     8th March 2019 Energy solutions company Novo Energy on Friday launched a R130-million large-scale natural gas compression facility at the Highveld industrial park, in eMalahleni, Mpumalanga. The facility provides cleaner, more reliable and cost-effective energy, compared with coal and other petroleum products. 

Novo Energy launches R130m gas compression facility in eMalahleni

Companies sign share purchase agreement worth $350-million

8th March 2019 Energy producer Chevron, a wholly-owned subsidiary of Chevron Corporation, has announced that it has signed a share purchase agreement with petroleum products marketer and refiner Petrobras America (Petrobras) to acquire all the outstanding shares and equity interests of refinery company Pasadena... 

Companies sign share purchase agreement  worth $350-million
CHEVRON OIL REFINERY A refinery with a capacity to process about 110 000 bbl/d of light crude

Growth boosts fuel distributor

By: Thabi Madiba     8th March 2019 The 100-million litres supplied to logistics, construction and mining companies in 2017 compared to the 151-million supplied in 2018, shows a significant growth of 51%, which fuel distributor Advent Oil MD Lebo Mbethe hopes will serve as a catalyst for the business in 2019. She attributes this... 

Growth boosts  fuel distributor
GROWTH IN NUMBERS Hunger for taking up new changes in a demanding market will catalyse growth for Advent Oil

African fuel retailer Vivo Energy posts higher profit, volumes

By: Reuters     6th March 2019 African fuel retailer Vivo Energy Plc reported a 2% rise in 2018 gross profit on higher volumes and forecast low to mid double-digit%age volume growth for the current year despite tough market conditions in Morocco. The company, which distributes and markets Shell-branded fuels and lubricants in... 

Zimbabwe allows mines, others to import own fuel as shortages bite

By: Reuters     6th March 2019 Zimbabwe on Tuesday allowed mining companies and other businesses to import their own fuel following shortages that have gripped the economy in the last six months due to a severe dollar crunch, a cabinet minister said. Supplies of fuel in the southern African nation have been intermittent since... 

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