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Refineries & Retail News

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... 

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

Economist warns about impact of inflation spikes

By: Anine Kilian     1st April 2016 Inflation has shot up to its highest level since the 2008 economic downturn and South Africa should brace itself for further increases, especially in the agriculture sector, said Econometrix chief economist Azar Jammine on Friday. Speaking at a BMI Building Research Strategy Consulting Unit... 

Economist warns about impact of inflation spikes

Petrol price could shoot up by 70c/l - economist 

By: News24Wire      23rd March 2016 Motorists should prepare for a petrol price increase of between 70c/l and 80c/l in April, the Institute of Race Relations (IRR) said on Wednesday. IRR chief economist Ian Cruickshanks warned that if the rand and oil prices remain at their current levels, the fuel price could increase by 41c/l in... 

Petrol price could shoot up by 70c/l - economist
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