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Refineries & Retail News

Nigeria's State-owned oil company considers refinery partnerships

By: Reuters     14th August 2018 Nigerian National Petroleum Corporation (NNPC) could allow private investors to install two refineries on two of its sites, the State-owned oil company said on Tuesday. NNPC said in a statement that it was considering plans to establish a 100 000 bbl/d brownfield refinery at its Port-Harcourt and... 

Energy committee blasts department for ‘boycott’ of meeting on fuel prices

By: Kim Cloete     14th August 2018 Energy Minister Jeff Radebe and his department’s failure, on Tuesday, to show up at a hotly anticipated meeting in Parliament on the fuel price has been described as a “boycott” and “a disgrace” by Parliament’s Portfolio Committee on Energy. Neither the Minister, nor his deputy Thembisile Majola,... 

Energy committee blasts department for ‘boycott’ of meeting on fuel prices

Billionaire's huge Nigerian oil refinery likely delayed until 2022 – sources

By: Reuters     10th August 2018 A huge oil refinery being built in Nigeria by Africa's richest man is unlikely to start production until 2022, two years later than the target date, sources with direct knowledge of the matter said. The 650 000 bbl/d refinery near Lagos, set to be Africa's biggest, is expected to boost Nigeria's... 

Sonatrach in talks with 14 foreign firms on trading venture – CEO

By: Reuters     10th August 2018 Algerian State energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. "I am happy to say that 14 firms are on the list to do a JV on trading with us," Abdelmoumen... 

Commission granted 15-day extension in proposed OTS, Chevron South Africa merger

By: Creamer Media Reporter      2nd August 2018 The Competition Tribunal has granted the Competition Commission a 15 working day extension to consult interested parties to a proposed merger between Off the Shelf 56 (OTS) and Chevron South Africa (CSA). OTS, which already owns 25% of CSA, is seeking to acquire the remaining 75% interest in CSA... 

DA, OUTA gear up for mass protests against rising fuel prices

By: News24Wire      31st July 2018 Democratic Alliance (DA) leader Mmusi Maimane and Ben Theron of the Organisation Undoing Tax Abuse (OUTA) are preparing for a mass fuel protest in Pretoria on Tuesday. Last week, Maimane said the recent continuous fuel price increases were bringing ordinary South Africans to their knees. "[The... 

DA, OUTA gear up for mass protests against rising fuel prices

Africa's richest man arranges $4.5bn of financing for oil refinery 

By: Reuters     25th July 2018 Africa's richest man, Aliko Dangote, has arranged more than $4.5-billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters. Dangote, who built his fortune in cement, is building the world's largest single oil refinery with capacity... 

Fuel price protestors send letter of demand to Ramaphosa 

By: African News Agency      24th July 2018 An organisation formed to combat increases in petrol and paraffin prices has sent a list of demands to president Cyril Ramaphosa. People Against Petrol and Paraffin Price Increases (PAPPPI) has requested a meeting with the head of state before its attempt at a national shutdown on Friday. 

 Fuel price protestors send letter of demand to Ramaphosa

Fluor awarded FEL engineering contract at Sasol Secunda

By: Creamer Media Reporter      24th July 2018 Sasol South Africa has awarded Fluor Corporation  the front-end loading (FEL) engineering contract for the Secunda clean fuels baseline improvement basket of projects. “We are pleased to assist Sasol with the start of this important programme. Our team will use its global expertise in clean fuel... 

Africa's richest man signs $650m Afreximbank loan for oil refinery

By: Reuters     16th July 2018 Africa's richest man, Aliko Dangote, has signed a $650-million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. 

Transnet Pipelines unveils new national operating centre

By: Shirley le Guern     13th July 2018 A new national operating centre (NOC) that will serve as a nerve centre for Transnet Pipelines (TPL) and its 3 800 km underground national pipeline network was officially opened in Durban on Friday. Up until now, the control centre was based at TPL’s head office in the Durban central business... 

Transnet Pipelines unveils new national operating centre
Transnet Group CEO Siyabonga Gama, TPL COO Sibongiseni Khathi and Transnet COO Mlamuli Buthelezi

Kenya says Nairobi–Mombasa refined products pipeline ready for use

By: Reuters     11th July 2018 A refined products pipeline linking Kenya's capital Nairobi with the port city of Mombasa is complete and ready for use, state-run Kenya Pipeline Company (KPC) said on Wednesday. The 450 km pipeline will eliminate an estimated 700 oil tanker trucks per day that transport fuel by road between... 

Shondoni to help sustain Sasol's Secunda Complex until 2050 

By: Nadine James     5th July 2018 The inauguration of Sasol's R5.5-billion Shondoni Colliery, on Thursday, was attended by Mineral Resources Minister Gwede Mantashe, Mpumalanga Finance, Economic Development and Tourism MEC Eric Kholwane and Goven Mbeki municipality executive mayor Thandiwe Ngxonono. The Shondoni mine is part of a... 

Shondoni to help sustain Sasol's Secunda Complex until 2050
Sasol joint president and CEO Bongani Nqwababa discusses the Mine Replacement Programme and the Shondoni Colliery, the opening of which was attended by Mineral Resources Minister Gwede Mantashe. Video and editing: Nicholas Boyd.

Govt expects another fuel price increase

By: Sashnee Moodley     5th July 2018 The South African government has noted the recent surge in fuel prices and expects another increase next month. South Africa’s currency exchange to the US dollar has fallen by more than one percent since May this year. Petrol went up by 26 cents a litre for 93 octane and by 23 cents for 95... 

Govt expects another fuel price increase

Fuel prices to rise by more than 1.5% in July

By: Reuters     2nd July 2018 The retail price of petrol in South Africa will rise by more than 1.5% from July 4, while the price of wholesale diesel will rise by 1.8%, the Energy Department said on Sunday. The price of petrol will rise by 26c to R16.02 a litre in the commercial hub of Gauteng province, while diesel will... 

Fuel prices to rise by more than 1.5% in July

Petrol price still on course to breach record R16/litre: Fuel hikes 'could've been far higher' – AA

By: News24Wire      28th June 2018 South Africans have been thrown a lifeline by declining oil prices in June, reports the Automobile Association (AA). Commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF). The AA says that without oil's decline, the fuel price hike for July would have been... 

Petrol price still on course to breach record R16/litre: Fuel hikes 'could've been far higher' – AA

London, other cities call for new petrol and diesel car ban to start earlier

By: Reuters     18th June 2018 London Mayor Sadiq Khan and other city leaders from across Britain said on Monday a government plan to ban the sale of new diesel and petrol cars should be brought forward by ten years to 2030, in the latest push to improve air quality. Prime Minister Theresa May's Conservative government said... 

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

By: News24Wire      15th June 2018 Motorists will have to brace themselves as fuel prices look set for another jump going into July, says Automobile Association (AA), commenting on unaudited mid-month fuel data released by the Central Energy Fund (CEF).   AA said: "Since the start of June, the Rand has steadily weakened against... 

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

PetroSA's GTL refinery could run out of natural gas in two years 

By: Reuters     12th June 2018 South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday. The Mossel Bay GTL plant, one of the world's largest, is operated by State-owned national oil and gas company... 

PetroSA's GTL refinery could run out of natural gas in two years

Pain for South Africans as petrol price hits new record

By: News24Wire      1st June 2018 Both grades of petrol, 93 and 95 (ULP & LRP), will increase by a hefty 82c a litre on Wednesday, the Department of Energy (DoE) announced on Friday. Diesel 0.05% sulphur and diesel 0.005% sulphur will increase by 85c and 87c a litre respectively. 

 Pain for South Africans as petrol price hits new record

More pain at the pumps: Huge fuel price hikes for June – AA 

By: News24Wire      31st May 2018 Fuel prices will jump to record highs in June on the back of stronger international oil prices, and a deficit carried over from April. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel data released by the Central Energy Fund (CEF).   The Rand... 

 More pain at the pumps: Huge fuel price hikes for June – AA

Vivo’s Q1 adjusted Ebitda rises 6% y/y

By: Anine Kilian     30th May 2018 JSE-listed Vivo Energy achieved a 6% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $102-million for the quarter ended March 31, compared with Ebitda of $96-million in the first quarter of 2017. Total volumes were up 5% year-on-year,... 

Motorists in for another massive petrol price spike

By: News24Wire      15th May 2018 Motorists can expect another massive fuel price hike at the beginning of June, the Automobile Association warned on Tuesday. Commenting on unaudited mid-month fuel price data released by the Central Energy Fund, the AA said last month's fuel price account was closed earlier by the Department of... 

Motorists in for another massive petrol price spike

Total South Africa seeks to grow lubricants, retail fuel businesses

By: Shirley le Guern     9th May 2018 Total South Africa is looking to grow both its lubricants and retail fuel business as well as restart the offshore oil exploration that it put on hold in 2014, CEO Pierre-Yves Sachet said after a visit to its bulk fuel and lubricant plants in Durban. He said that a R70-million investment in its... 

Total South Africa seeks to grow lubricants, retail fuel businesses

Vivo Energy, Vitol's Africa venture, floats with £2bn valuation

By: Reuters     4th May 2018 Vivo Energy launched on the London Stock Exchange on Friday with a valuation of nearly £2-billion ($2.7-billion), the largest London IPO of the year. The initial offer price for the just under 30 percent of the company floated was set at 165p a share and the shares advanced to 169.50p in... 

Petrol going up 49c/l in May

By: News24Wire      26th April 2018 The price of petrol will increase by 49c a litre on Wednesday 2 May, Minister of Energy Jeff Radebe announced on Thursday afternoon. Diesel (0.05% Sulphur) will increase by 59c/l increase, while diesel with 0.005% Sulphur will go up 58c/l. 

 Petrol going up 49c/l in May

Fuel prices could hit record levels in May - AA

By: News24Wire      26th April 2018 There is a strong likelihood of a fuel price hike to record levels in May, the Automobile Association (AA) said on Wednesday. It believes this is because the rand is currently weakening against the dollar and international petroleum prices are also rising. The AA also said the increase in toll... 

Fuel prices could hit record levels in May - AA

Zambia shortlists five firms for majority stake in oil refinery

By: Reuters     16th April 2018 Zambia has short-listed five companies including Britain's Glencore Energy and Sahara Energy Resources to buy a majority stake in its only oil refinery, a state-owned firm said on Monday. The government-owned Industrial Development Corporation (IDC) has said it wants a strong strategic equity... 

Vivo Energy plans to list on LSE, JSE

By: Simone Liedtke     10th April 2018 Vivo Energy, which is a retailer of Shell-branded fuels and lubricants in Africa, plans to proceed with an initial public offering (IPO) and to apply for admission of its shares to the LSE and the JSE. Admission is expected to occur in May. 

Safety solution provided for contractor at Sappi mill

30th March 2018 Rope-access specialist Skyriders has provided a working at height safety solution for a contractor undertaking maintenance at paper and pulp manufacturer Sappi’s Ngodwana pulp and paper mill, in Mpumalanga. The company explains that this follows an earlier successful project in 2016 where it... 

Huge petrol price hike to kick in next Wednesday

By: News24Wire      28th March 2018 The price of 95 unleaded and leaded petrol in Gauteng will increase by 72c/l and at the coast 62c/l with effect from next Wednesday, the Department of Energy announced on Wednesday. The per litre pump price of 93 unleaded and leaded petrol will increase 69c/l in Gauteng and 59c/l at the coast,... 

 Huge petrol price hike to kick in next Wednesday

World’s largest oxygen production plant inaugurated at Sasol Secunda

By: Marleny Arnoldi     26th March 2018 Environmental Affairs Minister Edna Molewa on Monday inaugurated French gas company Air Liquide’s €200-million air separation unit (ASU) at chemicals and energy group Sasol's Secunda plant, in Mpumalanga. The ASU is the biggest oxygen production unit in the world, with a capacity of 5 000 t/d... 

World’s largest oxygen production plant inaugurated at Sasol Secunda

'Fuel will be more expensive in April' – AA

By: News24Wire      15th March 2018 Although basic fuel prices are showing signs of further decreases at month end, the overall price of fuel is set to increase because of the addition of increased fuel levies in April. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data... 

'Fuel will be more expensive in April' – AA

Africa’s downstream oil industry holds promise

By: Kim Cloete     14th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

Tribunal approves Sinopec’s $900m acquisition of Chevron SA with conditions

By: Nadine James     9th March 2018 The Competition Tribunal has approved Hong Kong-based Sinopec’s proposed $900-million acquisition of a 75% interest in Chevron South Africa (CSA), subject to a range of employment, investment and other public interest conditions. Sinopec and CSA had tendered a set of proposed conditions, which... 

Analysers provide optimised refinery operations and quality

9th March 2018 Specialised engineering company RTS Africa Engineering’s Hy-Optima 2700 hydrogen analysers optimise refinery operations, products and quality. The basic process of refining crude oil involves heating the crude oil in a column and the condensates are drawn off at different levels to produce –... 

Analysers provide optimised refinery operations and quality
METICULOUS MONITORING There are up to 23 points in an oil refinery where the level of hydrogen needs to be very accurately monitored

Energy company launches new product, expands operation

By: Jessica Oosthuizen     9th March 2018 Independent energy company SA Oil made its new brand of fuel, Accelerate Special Gasoline, available to the market last month. This follows the response to a product trial, which ran between 2016 and 2017, where it was made available in limited quantities and “enthusiastically accepted among... 

Energy company  launches new product,  expands operation
GARY PULLEN SA Oil is entering the agricultural market, with a client-centric service offering

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