How many oil refineries in south Africa
Upstream and downstream activities make up the oil industry. Upstream refers to gas and crude oil exploration and production. Refining, shipping, and marketing of consumer goods are all considered to be downstream activities. Due to the lack of domestic crude oil sources, South Africa must import all of its needs, primarily from the Middle East and Africa.
Oil products and prices regulation
Petrol, diesel, jet fuel, illuminating paraffin, fuel oil, bitumen, and liquefied petroleum gas are the main petroleum products sold in South Africa. In South Africa, the two most common liquid fuels are petrol and diesel.
Government regulation covers all aspects of the retail price of gasoline, including permissible returns along the petrol value chain and levies and duties that benefit the public coffers.
Due to the fact that South African petroleum prices are based on the Basic Fuel Price, a formula that represents the reasonable, market-related costs of importing a sizable portion of South Africa’s liquid fuel needs, it is assumed that such supplies are sourced from foreign refineries that can satisfy South Africa’s needs in terms of both product quality and sustained supply considerations.
How many oil refineries do they have
Currently, South Africa has six oil refineries, all of which are situated in the Western Cape province. With a total daily output of over 600,000 barrels, these refineries produce fuel for both the domestic market and export. There are six refineries:
– Natref Refinery – SAPREF Refinery – PetroSA Refinery – Coega Refinery – Engen Petroleum Refinery – Caltex Refinery
The largest of these is the Durban-based Sapref refinery, which has a daily capacity of more over 300,000 barrels.A number of smaller oil refineries that cater to certain markets or products are also located in South Africa.
Currently
The largest fuel manufacturer in South Africa, Sasol Ltd., had to temporarily shut down its Natref refinery and declare a force majeure on the delivery of petroleum products, according to Times Live, citing Bloomberg. Since the Natref refinery was shut down, South Africa’s entire fleet of oil refineries is now inoperative. This is because other refineries have been out of commission forx a few years for various reasons.
A small portion of the nation’s fuel production capacity is still functioning because Sasol Ltd., SA’s largest fuel manufacturer, declared force majeure on the supply of petroleum products due to delays in crude deliveries to the Natref refinery it jointly owns with TotalEnergies SE.
After the delayed oil imports, Natref, a 108,000 barrel per day factory, was forced to close, according to the firm.
