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Refineries & Retail News

Event set to dissect the future of African energy

By: Paige Müller     15th February 2019 The eleventh edition of the Africa Energy Indaba – which will take place at the Sandton Convention Centre, in Johannesburg, from February 19 to 20 this year – will focus on the future prospects and direction of energy on the African continent from an energy provision and investment point of view.... 

What to expect from 2019 Africa Energy Indaba

15th February 2019 The Africa Energy Indaba Conference is the definitive energy conference for Africa providing an annual programme that shapes energy policy for the African continent. Key issues that impact the African energy sector will be discussed and debated at the event, based on the outcomes of the 2018... 

What to expect from 2019 Africa Energy Indaba
ADEQUATE GENERATION The Africa Energy Indaba Conference will discuss, debate and seek solutions to enable adequate energy generation across the continent.

Sasol expects higher H1 earnings, but warns of Lake Charles cost increase

By: Nadine James     8th February 2019 Chemicals and energy company Sasol expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between R23.71 and R24.16 and between R22.97 and R23.68, respectively, for the six months ended December 31. This means EPS is expected to increase by between 110% and 114%... 

Petrol price likely to go up in February – AA

By: News24Wire      29th January 2019 The price of petrol is likely to go up and that of diesel down in February, according to the Automobile Association (AA). The AA was commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF). 

Petrol price likely to go up in February – AA

Nigerian commodities king Dangote targets foreign markets in sales push

By: Reuters     22nd January 2019 Africa's richest man, Aliko Dangote, said on Monday he expected to step up exports of cement and other commodities from Nigeria from this year as he focuses on foreign markets to boost sales and generate much-needed hard currency. Dangote told Reuters he expected to have 8 million tonnes of... 

Egypt to invest $9bn in refineries' upgrade over four years – Minister

By: Reuters     21st January 2019 Egypt plans to upgrade six oil refineries at a cost of about $9-billion over four years to increase domestic production to 41-million tonnes a year, the petroleum minister said. "We are trying to secure crude oil supplies for Egyptian refineries to increase local production of refined products,"... 

Location a key discussion point as Saudi Aramco mulls South African refinery investment

By: Terence Creamer     18th January 2019 “Location, location, location,” South Africa’s Minister Jeff Radebe quipped on Friday after a meeting with his Saudi counterpart, Khalid Al-Falih, where it was agreed that Saudi Aramco and the Central Energy Fund (CEF) would jointly study a plan for a new oil refinery and petrochemical investment... 

Location a key discussion point as Saudi Aramco mulls South African refinery investment
Kingdom of Saudi Arabia’s Energy, Industry and Mineral Resources Minister Khalid Al-Falih with South Africa's Energy Minister Jeff Radebe

Saudi Arabia plans oil refinery, petrochemicals plant in South Africa

By: Reuters     18th January 2019 Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10-billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said on Friday. In comments following a meeting with South Africa's energy minister Jeff Radebe in Pretoria, Al-Falih... 

AA predicts another fuel price drop for February

By: News24Wire      15th January 2019 The Automobile Association (AA) said on Tuesday that the fuel price would likely fall in February, based on unaudited mid-month fuel price data released by the Central Energy Fund. The AA said the projected drop in the price of petrol, diesel and illuminating paraffin was due to international oil... 

 AA predicts another fuel price drop for February

World's highest gasoline price prompts strike in Zimbabwe

By: Bloomberg     14th January 2019 Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a national strike after the government more than doubled fuel prices to the highest in the world. The stay-away comes as a foreign-exchange shortage has sparked scarcities of everything from fuel... 

Egypt's Carbon Holdings secures $1.25bn to build petrochemicals complex

By: Reuters     10th December 2018 Egypt's Carbon Holdings has secured $1.25-billion in financing to build a giant petrochemicals complex in the Red Sea port of Ain Sokhna. The Tahrir Petrochemicals Complex, a $10.9-billion project, would be the largest in the Middle East and is expected to create 48 000 jobs. 

Kaefer SA holds partner-focused innovation day as it celebrates 100 years of sustainable growth

By: Schalk Burger     30th November 2018 Kaefer in South Africa, a division of German industrial insulation and thermal solutions multinational, celebrated 100 years of innovation and sustainable growth during a partner-focused innovation day in November, which also saw the handover of the local division to incoming MD Ben Garrad.... 

Kaefer SA holds partner-focused innovation day as it  celebrates 100 years of sustainable growth
BEN GARRAD AND GEORGE WARDROPE The company will leverage its relationships with its suppliers and partners to roll out new services and innovations

AA predicts massive drop in petrol price in December 

By: News24Wire      28th November 2018 Motorists can expect a R1.85 reduction per litre in the price of petrol, with diesel coming down by an estimated R1.40, and illuminating paraffin dropping by R1.28, the Automobile Association (AA) predicted on Wednesday. The association was commenting on unaudited month-end fuel price data... 

 AA predicts massive drop in petrol price in December

Department of Energy to review how it costs basic fuel price 

By: News24Wire      28th November 2018 The department of energy has invited public comments on how it calculates the underlying prices of fuel, diesel and illuminating paraffin, known as the Basic Fuel Price (BFP). This is the price of fuel before taxes, transport, and other costs are added.  

 Department of Energy to review how it costs basic fuel price

BP to invest $1bn in South Africa, including refinery upgrade

By: Reuters     22nd November 2018 BP Southern Africa (BPSA) will invest $1-billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulphur diesel, its chief executive said on Thursday. The 180 00 barrels per day SAPREF refinery, South Africa's... 

Vaal River pollution: 'There have been challenges to compliance', Sasol says 

By: News24Wire      21st November 2018 Petrochemicals giant Sasol has denied that it is responsible for pollution in the Vaal river. However, it has admitted struggling to interpret some compliance requirements with regard to regulations on the discharge of waste. According to a report by the Department of Water and Sanitation... 

Astron commissions new R150m tank truck loading rack at Cape Town refinery

By: Marleny Arnoldi     16th November 2018 Astron Energy, formerly Chevron South Africa, officially opened its new tank truck loading rack (TTLR) at its Milnerton refinery, in Cape Town, on Wednesday. The facility took two years to complete and will increase filling efficiency at the refinery – reducing loading time of an average 40 000... 

Astron commissions new R150m tank truck loading rack at Cape Town refinery
Astron Energy CEO Jonathan Molapo and Astron Energy regional transport and operations GM Danie Gouws open the new TTLR at Milnerton refinery

‘Massive’ fuel price drop on the cards for December – AA

By: News24Wire      15th November 2018 The Automobile Association (AA) announced on Thursday that, based on current data, motorists could expect ‘massive drops’ in the prices of petrol and diesel for December.  The association is predicting a drop of R1.54 per litre for petrol, with diesel dropping by 92 cents and illuminating... 

 ‘Massive’ fuel price drop on the cards for December – AA

Company extends life span of critical steam systems

By: Jessica Oosthuizen     9th November 2018 Professional services and project management company SNC-Lavalin completed a 40 bar high-pressure steam isolation valve replacement project last month for South African integrated chemicals company Sasol’s Group Technology division. The company was awarded the project in May of this year and the... 

Company extends life span of critical steam systems
SASOL STEAM SYSTEM The steam system on the Sasol refinery is the main steam header which links the steam generation plant to the rest of the factory

Zuma to Gordhan: 'Can we do what Dudu wants?'

By: News24Wire      8th November 2018 Former president Jacob Zuma called Pravin Gordhan, then finance minister, in 2015 to try and convince him to agree to an enormously expensive deal with airplane manufacturer Airbus because his close friend Dudu Myeni wanted it. In his 68-page sworn statement delivered to the judicial commission... 

Petrol price to remain unchanged, diesel to go up 50 cents in Nov 

By: African News Agency      5th November 2018 The petrol price will remain unchanged for November but the price of diesel will increase between 47.92 cents per litre and 50.92 cents per litre, the department of energy said on Monday.  This will be a relief for motorists at the pumps after the R1 petrol price increase last month pushed the... 

Petrol price to remain unchanged, diesel to go up 50 cents in Nov

Fuel price outlook: 'Petrol price down, but diesel goes up for November' – AA

By: News24Wire      31st October 2018 Fuel prices have moderated during October, with the prospect of some relief for petrol users, although users of diesel will have to cough up more, this is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.... 

Fuel price outlook: 'Petrol price down, but diesel goes up for November' – AA

Sasol, Indian companies join EP100 global energy-saving initiative

26th October 2018 Petrochemicals giant Sasol and Indian companies UltraTech Cement, Mahindra Vehicle Manufacturers, Mahindra Heavy Engines and Godrej Industries and Associate Companies (Gilac) last month pledged to put energy efficiency at the heart of their business growth strategies by joining EP100. EP100 is a... 

Sasol, Indian companies join EP100 global energy-saving initiative
HELEN CLARKSON Lowering energy use in sectors such as auto manufacturing, cement and chemicals production is an ambitious task

Study examines impact of strikes on South African economy

26th October 2018 Amid continued protest action at chemical and petrochemicals heavyweight Sasol, university-led research foundation the Mandela Initiative has released conclusions on its research into the topic of local strikes and labour unrest. Sasol employees and members of trade union Solidarity have been on... 

Study examines impact of strikes on South African economy
Photo by Bloomberg
PROLONGED INDUSTRIAL ACTION Sasol employees and members of trade union Solidarity have been on a go-slow since September of this year

Sasol poised to improve operational performance in 2019

26th October 2018 Integrated chemicals and energy company Sasol reported that it is well positioned to continue improved operational performance in the 2019 financial year despite electricity supply interruptions, as its sales volumes increased by 1% for its performance chemicals business owing to robust market... 

Sasol poised to improve operational performance in 2019
LOWER VOLUMES Liquid fuels sales volumes for Sasol were down 2% as a result of lower production volumes and a challenging local retail liquid fuels market

Progress made to deliver value-based company strategy

By: Paige Müller     26th October 2018 Integrated chemical and energy company Sasol’s 2018 financial year – which came to a close in June of this year – has proven positive in terms of realising the company’s strategy. “The company has made significant strides in bettering its organisational culture and advancing opportunities in its... 

Progress made to deliver value-based company strategy
REMAIN COMPETITIVE Sasol is looking to further enhance its performance by ensuring it is able to remain competitive at an oil price of $40/bl

Companies face prosecution for fixing gas cylinder prices

By: African News Agency      19th October 2018 The Competition Commission on Thursday referred to the Competition Tribunal for prosecution five Liquefied Petroleum Gas (LPG) companies for cartel conduct.  The Commission said that Totalgaz Southern Africa, Oryx Oil South Africa, KayaGas, Easigas and African Oxygen (Afrox), have been charged... 

South Africa’s synfuels know-how could give it edge as world mulls power fuels 

By: Terence Creamer     15th October 2018 The newly formed Global Alliance Power Fuels believes that South Africa is well positioned to become a leading site for the large-scale production of liquid fuels from renewable energy and has confirmed with Engineering News Online that the country is on its radar for possible future... 

South Africa’s synfuels know-how could give it edge as world mulls power fuels
Photo by Creamer Media
Transmission lines with Sasol's Secunda complex in the background, where synthetic fuels and chemicals are produced from coal

Opportunities abound for Italian entrepreneurs expanding into Africa

By: Shannon de Ryhove     12th October 2018 The Italian-South African Chamber of Trade and Industries says Italian companies are becoming increasingly positive about the opportunities offered by South Africa, which is being acknowledged as a hub from which to expand and invest into surrounding African countries, says Italian-South African... 

Govt, fuels industry mull alternative pricing framework for petrol 

By: African News Agency      11th October 2018 Government was considering capping the price of 93 unleaded petrol, Energy Minister Jeff Radebe said on Thursday. Radebe, who joined his communications counterpart, Nomvula Mokonyane, during the post-cabinet media briefing, said they were consulting the industry on the proposal. 

Govt, fuels industry mull alternative pricing framework for petrol
Energy Minister Jeff Radebe

Mini-refineries race billionaire to fix Nigerian fuel crisis

By: Bloomberg     2nd October 2018 In the race to solve a fuel-import crisis in Nigeria, Africa’s richest person faces competition from a swarm of tiny challengers. Billionaire Aliko Dangote is building a 650 000 barrel-a-day refinery in Nigeria that will help cut the nation’s $7-billion annual fuel-import bill. Such is the... 

September fuel freeze not repeated in October as prices surge 

By: Terence Creamer     1st October 2018 Energy Minister Jeff Radebe has resisted the temptation of again intervening to freeze fuel-price increases, confirming on Monday that the price of petrol and diesel will surge sharply at midnight on October 3. With both the rand/dollar exchange rate and oil prices moving against South Africa... 

September fuel freeze not repeated in October as prices surge

Polish miner JSW to work with Sasol on new plant

By: Reuters     27th September 2018 Poland's JSW, the European Union's biggest coking coal producer, said on Thursday it will cooperate with South African petrochemicals group Sasol on a project to launch a synthetic fuel plant in Poland. "Poland is an ideal place for launching a coal to fuel plant. We have valuable coal deposits... 

Global Energy Talent Index 2019 survey closes soon

20th September 2018 The third annual Global Energy Talent Index (GETI) survey is underway and open for responses. The survey is an industry-leading workforce project led by top energy recruitment firm, Airswift, and Energy Jobline, the world’s largest energy job site. The survey results will explore the opinions of... 

Sasol, Solidarity unable to reach agreement

By: Schalk Burger     19th September 2018 Trade union Solidarity and petrochemicals major Sasol were unable to reach an agreement during talks at the Commission for Conciliation, Mediation and Arbitration (CCMA) on Wednesday. Solidarity CE Dr Dirk Hermann said the mediation was deferred to get more clarity on the final Mining Charter’s... 

In situ measurement of hydrogen made possible

14th September 2018 The reliable in situ measurement of hydrogen in multiple gas process streams is something that refinery and petrochemical plant process control engineers would like to have been able to do previously, but have never had the capability to, until this year. In a global first, Norwegian laser-based... 

In situ measurement of  hydrogen made possible
HYDROGEN ANALYSER Neo Monitors has developed a method of measuring hydrogen in situ – the LaserGas II SP H2

Parliament to debate recession, fuel price hikes

By: News24Wire      12th September 2018 Parliament will debate record fuel prices and ideas for economic revival on Wednesday afternoon.  Last week Stats SA announced that SA had slipped into a technical recession - defined as two successive quarters of negative economic growth - for the first time since 2009.  

 Parliament to debate recession, fuel price hikes

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