Government buys Sapref oil refinery in Durban - Moneyweb
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Government buys Sapref oil refinery in Durban The plant has a nameplate capacity of 180 000 barrels per day and accounts for around 35% of the refining capacity in SA. By Liesl Peyper 27 May 2024 ...
South Africa’s state-owned CEF inks deal for idled SAPREF
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- Weight: 240 KG
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South Africa’s state-owned CEF inks deal for idled SAPREF refinery. May 31, 2024. bpSA and Shell found a buyer for their joint venture's previously idled 180,000-b/d refinery in Durban, KwaZulu ...
South Africa's Central Energy Fund gets Durban refinery land
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South Africa's stateowned Central Energy Fund has actually gotten land and assets at the nation's largest refinery which has actually run out operation for the last two years, the energy ministry said on Saturday. Oil major Shell stated earlier this month that it would divest its bulk shareholding from a regional South African downstream system after a detailed review of its organizations ...
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- Who owns the SAPREF refinery in Durban?
- Image: Supplied The state-owned Central Energy Fund (CEF), which comes under the Department of Mineral Resources and Energy (DMRE), has bought the Sapref refinery precinct in Durban for R1. Sapref, South Africa’s largest refinery, was jointly owned by oil majors BP and Shell.
- When did the SAPREF refinery open?
- The Sapref refinery was commissioned (began operating) in 1964 in the port city of Durban. It contributed 35% of South Africa’s refinery capacity and refined 180,000 barrels of imported crude oil per day. It was South Africa’s biggest refinery, until it was temporarily closed in 2022 after floods damaged the plant. It never reopened.
- Is Natref a surviving oil refinery in South Africa?
- Natref is the last surviving oil refinery in South Africa. Three others were closed in the past two years. These refinery closures and the possible permanent closure of the Natref refinery are shots fired in the long running contestation between the oil refiners and the government, which has been trying to introduce cleaner fuels specifications.
- What happened to SAPREF oil refinery?
- The Sapref oil refinery (seen in 2014) has been sold to the state-owned Central Energy Fund for R1, or a few US cents. L C Swart/Shutterstock