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Refineries & Retail News

Novo Energy launches CNG dispensing facility

By: Anine Kilian     28th October 2016 Natural gas supplier Novo Energy on Friday launched its compressed natural gas (CNG) dispensing station in Kew. This project is the company’s first commercial facility in Johannesburg. 

Petrol price to rise by 45 cents a litre – SA energy department

By: African News Agency      28th October 2016 The retail price of petrol will go up by 45 cents a litre for both 93 octane and 95 octane on Wednesday, November 2, South Africa’s energy department announced on Friday. Diesel rises by 63 cents a litre, while the wholesale price of illuminating paraffin increases by 57 cents a litre, the... 

Petrol price to rise by 45 cents a litre – SA energy department

Afrox opens R60m Riverhorse Valley hub

By: Shirley le Guern     24th October 2016 African Oxygen (Afrox) officially unveiled its flagship R60-million filling and engineering services hub at Riverhorse Valley to the north of Durban on Friday. The 18 000 m² site is home to a one-stop-shop for Argoshield, carbon dioxide, nitrogen, helium, medical and food-grade gases, as well as... 

Afrox opens R60m Riverhorse Valley hub

Strong operating performance to continue in 2017

21st October 2016 South African petrochemicals giant Sasol CFO Paul Victor announced last month that despite the anticipated oil and currency price volatility, the company expects its strong operating performance to continue next year. Speaking at Sasol’s annual results presentation on September 12, Victor pointed... 

Strong operating performance to continue in 2017
SASOLBURG PLANT Sasol CFO Paul Victor stated that the outlook for 2017 remained reasonably positive

Lake Charles is value accretive in the long term

21st October 2016 Despite the announcement in August revising the cost estimate of its Lake Charles chemicals project (LCCP) by about $2.9-billion, South African petrochemicals giant Sasol remains confident that the project is value accretive to shareholders in the long term. The project, located adjacent to... 

Lake Charles is value  accretive in the long term
LAKE CHARLES Sasol's Louisianan chemicals project is adjacent to its current chemicals operation

Petrol price hike announced

By: News24Wire      30th September 2016 The Department of Energy announced on Friday that as from Wednesday October 5 the retail price of petrol (93 octane) will increase by 44 cents a litre and that of 95 octane by 43c a litre. The wholesale price of diesel (0.05% sulphur and 0.005% sulphur) will increase by 23c a litre, while the... 

Petrol price hike announced

Petrol party turns sour with expected 51c price hike

By: News24Wire      15th September 2016 The recent period of fuel price reductions is set for a reversal as the weakening rand and stronger international petroleum prices combine to cause pain at the pumps. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the... 

Petrol party turns sour with expected 51c price hike

Engen Refinery to undergo 21-day maintenance shutdown

15th September 2016 South Africa’s second largest oil refinery Engen Refinery will undergo a planned 21-day maintenance shutdown, starting on September 19. “The planned outage will primarily focus on essential plant maintenance and inspection activities, as well as process regeneration activities,” says Engen... 

Engen Refinery to undergo 21-day maintenance shutdown

Sasol’s gearing to increase as 2017 capex forecast rises to R75bn

By: Terence Creamer     12th September 2016 Energy and chemicals group Sasol expects its capital expenditure (capex) to rise to R75-billion in 2017 and its balance sheet gearing to increase to between 25% and 35%, following the upward revision to the budget of the Lake Charles Chemical Project (LCCP), in the US, to $11-billion, from an... 

Sasol’s gearing to increase as 2017 capex forecast rises to R75bn

World Bank advises Zambia to stop power and fuel subsidies

By: African News Agency      6th September 2016 The World Bank has advised the Zambian government to cut its expenditure bill by dropping a fuel and power subsidy programme which gobbles nearly $600-million in public funds from the treasury annually. In its latest country-focused cost-cutting advisory report, the global financial institution... 

Petrol price drop to bring consumer relief

By: Megan van Wyngaardt     2nd September 2016 South African consumers can expect some relief in September, with the fuel price for 93 and 95 unleaded petrol falling by 18c/ℓ, and the diesel price dropping by 48c/ℓ. The fall is attributable to the strengthening of the rand against the dollar, which has cushioned the fuel price by about 22c/ℓ. 

Newest firefighting technology delivered to South Africa

By: Nadine James     2nd September 2016 Fire protection technology provider DoseTech is promoting the concept of firefighting trailer-mounted (FTM) units to the sub-Saharan Africa oil industry, and has concluded the delivery of the first system to the South African market. Further, the company is in discussions with a South African... 

Newest firefighting technology  delivered to South Africa
GERMAN ENGINEERING The FTM units are manufactured by DoseTech partner and German fire-safety product manufacturer FireDos

Industry challenges blunt investment in oil and gas sector

2nd September 2016 Demand for oil and gas from markets in Africa remains high but low crude prices combined with poor physical infrastructure, inadequate logistical solutions and onerous government regulations have blunted investment in oil and gas field development, says independent oil and gas company SacOil... 

Industry challenges blunt investment in oil and gas sector
THABO KGOGO 57% of Africa’s export earnings are derived from hydrocarbons

Company science and engineering programme celebrates graduates

2nd September 2016 More than 100 science and engineering university graduates and participants in petrochemicals and chemicals company Sasol’s education programmes were recognised on July 7 for successfully completing their respective degree courses from undergraduate to doctorate level. The graduates had... 

Company science and engineering programme celebrates graduates
Photo by Duane Daws
SASOLBURG PLANT The Sasol Inzalo Foundation has enabled 105 black, and predominantly female students to graduate in the past year

Ghana oil refinery showing signs of profitability

2nd September 2016 Recent reports demonstrate that Tema Oil Refinery (TOR) – Ghana’s only oil refinery –  has begun showing signs of profitability after seven years of stagnation. The refinery posted a profit of $800 000 from its operations from February 16 to April 20, a development described by market... 

Ghana oil  refinery showing signs of profitability
REFINERY IS FINE AGAIN The Ghanaian refinery has recovered from its seven year stagnation and is showing progress

Egyptian petrochemicals complex expected 2021

2nd September 2016 Egyptian petrochemicals company Carbon Holding's proposed Tahrir Petrochemicals Complex is to be located within the Ain Sokhna industrial zone, near the Gulf of Suez. Major contracts for the project have been awarded, with the construction work expected to start later this year and commissioning... 

Egyptian petrochemicals complex expected 2021
SUNRISE INDUSTRY While the oil industry in other parts of the globe is stagnating the World Bank believes there is still potential in Africa's oil industry

Nigeria, Spain to strengthen bilateral trade relationship

2nd September 2016 Nigeria and Spain, last month expressed their readiness to strengthen their bilateral trade relationship for mutual benefit across the spectrum in the oil and gas industry. State-owned oil development corporation Nigerian National Petroleum Corporation (NNPC) group MD Dr Maikanti Kachalla Baru... 

Nigeria, Spain to strengthen bilateral trade relationship
OIL ON TAP Two Nigerian refineries and a pipeline were brought back online to address the country's petrol shortage

Phase 1 of refinery expansion project to be completed this year

2nd September 2016 The Cameroonian government is planning to complete the first phase of the expansion and modernisation works at national refinery company Sonara’s refinery later this year, which will lead to an increase in production. According to local media, the refinery – the only one in the country – has been... 

Phase 1 of refinery expansion project to be completed this year
DOGGED DEVELOPMENT The Sonara refinery has been in the process of expanding and modernising its equipment since 2013

RFO consumption expected to decline significantly by 2020

2nd September 2016 US energy research agency Energy Information Administration (EIA) in May released a report that commented that residual fuel oil (RFO) consumption is expected to decline significantly within the next four years. RFO is one of several residuals that remain after lighter materials, including... 

Opportunities for bitumen producers increased in Africa

2nd September 2016 With there being various commitments to improve infrastructure made by African countries, bitumen producers will be assured of significant work in future, says oil industry company Royal Dutch Shell. According to figures stated in the Roads and Highways overview compiled by international... 

Opportunities for bitumen producers increased in Africa
SAPREF The 10/20 bitumen is available for direct pick-up at the Shell and BP South African Petroleum Refineries in Durban

Supplier development programme launched for black businesses

2nd September 2016 Oil refining company Chevron Corporation’s local subsidiary Chevron South Africa (SA) –  which markets its fuel under the Caltex brand – last month announced a new enterprise and supplier development (E&SD) programme aimed at improving access to its value chain for black-owned businesses.  The... 

Supplier development programme launched for black businesses
CHEVRON OIL REFINERY The refinery produces petrol, diesel, jet fuel, liquefied petroleum gas and other specialty products for South Africa

Refineries mulling options in face of Clean Fuels 2 

By: Irma Venter     1st September 2016 While not able to speak on behalf of the industry, South Africa’s refineries are probably grappling with the question of whether they can afford to upgrade their facilities to produce cleaner diesel and petrol, or whether it is more cost-effective to close down, says Sasol senior technical... 

Refineries mulling options in face of Clean Fuels 2
Photo by Duane Daws
Sasol senior technical adviser Adrian Velaers

Kenya unveils plan to revive idle petroleum refinery

By: John Muchira     12th August 2016 Kenya plans to revive its obsolete petroleum refinery – which has been idle since 2013 – as it gears up for commercial crude oil production over the next two years. In a move aimed at utilising the archaic facility that has been lying idle since 2013, the government has directed state-owned Kenya... 

Petrol strike affects bus routes

By: African News Agency      2nd August 2016 Metrobus has warned commuters its buses would not operate on all scheduled trips from Tuesday owing to the ongoing strike in the petroleum industry which has resulted in depots running low on fuel. “Our depots are already running low on fuel supplies and as a result, we may be compelled to reduce... 

Union sticks to its guns as fuel stations run dry

By: African News Agency      1st August 2016 The Chemical‚ Energy‚ Paper‚ Printing‚ Wood and Allied Workers Union (Ceppwawu) said on Monday it would not back down from its nine percent wage increase demand as reports of fuel shortages in some areas trickled in. The union’s head of collective bargaining, Clement Chitja said fuel refineries... 

Union sticks to its guns as fuel stations run dry

Huge petrol price relief

By: News24Wire      29th July 2016 The pump price for a litre of petrol will be 99c a litre cheaper for all grades from next Wednesday, while the price of diesel 0.05% sulphur and diesel 0.005% sulphur will decrease by 74c and 73c a litre respectively. Motorists will now pay R12.35 a litre for unleaded petrol inland and R11.87 on... 

Huge petrol price relief

Petrol could fall by R1/litre – AA

By: News24Wire      29th July 2016 Motorists could see a drop in the petrol price by up to R1 a litre in August as the rand continues its robust run against dollar, according to the Automobile Association (AA). The organisation commented on Friday on unaudited month-end fuel price data released by the Central Energy Fund (CEF). 

Petrol could fall by R1/litre – AA

Petrol price increase to hit South African pockets

By: African News Agency      4th July 2016 Motorists will be digging deeper into their pockets as the petrol price will increase by between eight and 11 cents a litre on Wednesday. This increase follows a 52 cent increase per litre in June, a 12 cents increase in May, and an 88 cents increase in April. 

Petrol price increase to hit South African pockets

South Africa's Strategic Fuel Fund bids for Chevron refinery

By: Reuters     29th June 2016 South Africa's state-owned Strategic Fuel Fund (SFF) said on Wednesday it had offered to buy Chevron's majority stake in the country's oil refinery in Cape Town and other downstream assets as well as those in neighbouring countries. "SFF has forwarded a commercial offer to Chevron and its... 

PetroSA appoints new acting CEO 

By: Natasha Odendaal     22nd June 2016 Central Energy Fund CFO Siphamandla Mthethwa will step in as acting PetroSA CEO effective June 30 after the resignation of current acting group CEO Mapula Modipa, who was leaving the national oil company after a year at the helm for personal reasons. Mthethwa would lead the turnaround plan... 

Creamer Media publishes Energy Roundup for June 2016 research report

20th June 2016 The June 2016 roundup covers activities across South Africa for May 2016 and includes details of Russia’s State nuclear agency’s plans to sign cooperation agreements with Kenya, Uganda and Zambia to lay the groundwork for an expanded presence in sub-Saharan Africa; the Department of Energy’s... 

Creamer Media publishes Energy Roundup for June 2016 research report

Motorists in for stiff petrol price hike 

By: News24Wire      17th June 2016 Ongoing oil strength, with limited support from the exchange rate, has set the stage for further increases in the fuel price, the Automobile Association (AA) warned on Friday. Commenting on unaudited mid-month data released by the Central Energy Fund, the AA said the data predicts a rise of up to... 

Motorists in for stiff petrol price hike

Huge hike in petrol, diesel prices 

By: News24Wire      30th May 2016 The pump price of petrol will rise by 52c/l for all grades, while diesel will increase by a whopping 76 c/l, the department of energy announced on Monday. The main reasons for the spike are the continued upward march of international petroleum prices and the weakening rand / US dollar exchange rate. 

Huge hike in petrol, diesel prices

Nersa to propose a coal benchmark cost as part of its multiyear price determination for Eskom  

By: Creamer Media Reporter      16th May 2016 The May 2016 roundup covers activities across South Africa for April 2016 and includes details of the National Energy Regulator of South Africa’s proposal to introduce a coal benchmark cost as part of its final decision on Eskom’s multiyear price determination process; environmental group... 

Nersa to propose a coal benchmark cost as part of its multiyear price determination for Eskom

SacOil JV awarded crude oil allocation by Nigerian oil corporation

By: Samantha Herbst     22nd April 2016 JSE- and Aim-listed oil and gas company SacOil and Nigerian oil firm Energy Equity Resources (EER) have signed of a memorandum of understanding to explore oil and gas opportunities in Nigeria. SacOil announced on Friday that it had officiated the planned joint venture with EER to establish SacOil... 

SacOil JV awarded crude oil allocation by Nigerian oil corporation
SacOil CEO Thabo Kgogo

Creamer Media publishes Energy Roundup for April 2016 research report

11th April 2016 The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South Africa approved on March 1; the... 

Creamer Media publishes Energy Roundup for April 2016 research report

New Chevron refinery GM prioritises fuel security, skills development

By: Samantha Herbst     4th April 2016 Oil company Chevron South Africa has appointed Victor Bester as GM of its Cape Town Refinery, in Milnerton. Commenting on his appointment, Bester said that fuel security and skills development remained top priorities for the country and that Chevron South Africa’s commitment to safely... 

New Chevron refinery GM prioritises fuel security, skills development

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