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Refineries & Retail

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South African electricity sector’s migration to multimarket structure under way
4th October 2024 By: Schalk Burger

South Africa's energy market was liberalising and evolving, with State efforts to establish a stable and effective framework and moving at pace on energy transition matters, along with... 


Petrol pumps
Petrol, diesel prices to decrease by more than R1 a litre
30th September 2024 By: Schalk Burger

Fuel prices are set to decrease on October 2, with the 93 octane petrol price to decrease by R1.06/ℓ and 95 octane petrol by R1.14/ℓ. Diesel with a sulphur content of 0.05% will decrease by R1.14/ℓ... 


An image showing the Sapref refinery
Mantashe hails competition approval of CEF’s Sapref acquisition
20th September 2024 By: Tasneem Bulbulia

Mineral Resources and Energy Minister Gwede Mantashe has welcomed the Competition Commission’s approval of the Central Energy Fund’s (CEF's) application to acquire the South African Petroleum... 


South African National Petroleum Company CEO Godfrey Moagi
New State-owned petroleum company granted permission to begin operating
18th September 2024 By: Terence Creamer

A new State-owned enterprise arising from a merger of three Central Energy Fund (CEF) subsidiaries – iGas, the Strategic Fuel Fund (SFF) and those divisions of PetroSA currently considered... 


New Sasol chairperson Muriel Dube
Sasol appoints Dube as new chair as sustainability pressures rise
16th September 2024 By: Terence Creamer

JSE-listed chemicals and energy group Sasol has appointed Muriel Dube, a former government climate negotiator, as its new chairperson following the resignation of Sipho Nkosi from the position in... 


Shell's logo
Aramco, Trafigura said to compete for Shell South Africa assets
6th September 2024 By: Bloomberg

Saudi Aramco, Abu Dhabi National Oil Co and commodities trader Trafigura are among suitors competing to buy Shell’s service stations in South Africa, according to people familiar with the matter.... 


Sasol CEO Simon Baloyi
Sasol confirms refinements being made to emissions reduction pathway
3rd September 2024 By: Terence Creamer

Energy and chemicals group Sasol has reiterated that its target to reduce its greenhouse-gas (GHG) emissions by 30% by 2030 remains in place, but has also confirmed that it is refining its... 


Dept confirms large decreases in petrol, diesel for Sept
2nd September 2024 By: Creamer Media Reporter

The Department of Mineral Resources and Energy, which is being split into the Department of Mineral and Petroleum Resources and the Department of Electricity and Energy, has confirmed that petrol... 


President Cyril Ramaphosa
President transfers legislation as part of steps to split mineral resources, energy portfolios
28th August 2024 By: Creamer Media Reporter

President Cyril Ramaphosa has transferred legislation previously administered by the Mineral Resources and Energy Minister to Mineral and Petroleum Resources Minister Gwede Mantashe and Electricity... 


Sasol's Secunda plant
Sasol profit plunges 66% on weak chemical prices, skips final dividend
20th August 2024 By: Reuters

South African petrochemicals company Sasol reported a 66% fall in full-year profit on Tuesday, mainly due to weaker chemical prices, and skipped a final dividend. Headline earnings, which strip out... 


Sasol's Secunda plant
Sasol appoints new CFO
13th August 2024 By: Creamer Media Reporter

Chemicals and energy company Sasol has appointed Walt Bruns to succeed Hanré Rossouw as CFO, with effective from September 1. Bruns, who is currently CFO of Sasol Southern Africa, has been with the... 


sasol secunda
Impairments to push Sasol into a net loss
12th August 2024 By: Darren Parker

JSE-listed energy company Sasol has reported that its financial results for the year ended June 30 were negatively impacted on by challenging market conditions, including continued pressure from... 


The Sapref refinery
Shell, BP to pay operational costs to buyer of South Africa's Sapref refinery
6th August 2024 By: Reuters

South African units of Shell and BP will pay around $15-million to State-run Central Energy Fund (CEF) for operational costs at Sapref refinery that the oil firms are selling to the government, a... 


Just Share opposes Sasol emissions decision
31st July 2024 By: Sabrina Jardim

Nonprofit organisation Just Share says it will assess its options after new Forestry, Fisheries and the Environment Minister Deon George’s decision on the outstanding aspect of Sasol’s sulphur... 


Sasol receives DFFE notification to apply concentration-based emissions limits
29th July 2024 By: Schalk Burger

JSE-listed energy and chemicals company Sasol says it has received notification of the concentration-based limits that the Forestry, Fisheries and the Environment Minister has determined to be... 


Angola's new Cabinda refinery to start up later this year – CEO
26th July 2024 By: Reuters

Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 barrels a day by July next year, the plant’s Chief... 


Synthetic jet fuel
Sasol reports improvements across the energy segments, but volatility remains
22nd July 2024 By: Marleny Arnoldi

Petrochemicals giant Sasol has reported a 3% year-on-year increase in mining productivity for the 2024 financial year ended June 30, with productivity of 983 tons per continuous miner per shift... 


Fiasa executive director Avhapfani Tshifularo
Sapia changes name to Fiasa to reflect fuels industry changes
10th July 2024 By: Schalk Burger

Industry organisation the South African Petroleum Industry Association (Sapia) has changed its name to the Fuels Industry Association of South Africa (Fiasa) to reflect its commitment to a... 


SAPIA head of strategy Kevin Baart
Local refineries still in need of capital investment to meet clean fuels requirements
8th July 2024 By: Schalk Burger

Industry organisation the South African Petroleum Industry Association (Sapia) has reiterated the need for capital investment in local refineries to ensure they can meet the second clean fuels... 


Image of MISA operations CEO Martlé Keyter
Govt continues to drag its feet on fuel-price review – Misa
5th July 2024 By: Irma Venter

The former Department of Mineral Resources and Energy (DMRE) has failed to review South Africa’s fuel-pricing methodology since the process to do so was announced in 2022, says the Motor Industry... 


Separation of energy portfolio welcomed
Separation of energy portfolio welcomed
5th July 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses President Cyril Ramaphosa's decision to separate the energy portfolio from that of mineral and petroleum resources; what the priorities are for the... 


An image of the 2023 African Energy Week central stage
Event to highlight key African projects
28th June 2024

The upcoming African Energy Week (AEW): Invest in African Energy 2024 conference will focus on critical industry issues and investment opportunities in Africa's energy sector, including discussion... 


Tribunal approves Prax’s Natref stake buyout, with conditions
27th June 2024 By: Schalk Burger

The Competition Tribunal has approved the merger in which oil refining and logistics company Prax will acquire energy company TotalEnergies' interest in refinery National Petroleum Refiners of... 


Solar PV panels installed at the Engen Meadowridge fuel station
Solar PV panels rolled out at 150 Engen fuel stations in Southern Africa
11th June 2024 By: Schalk Burger

Solar power provider SolarSaver, which serves as fuel retailer Engen's official solar provider, has installed solar PV systems at 150 Engen Petroleum fuel stations across Botswana, Namibia and... 


The Dangote oil refinery
Nigeria's Dangote refinery plans London and Lagos listings by end 2024
28th May 2024 By: Reuters

Nigeria's Dangote refinery is aiming for a dual listing on the London and Lagos bourses by the end of this year, a senior executive said on Tuesday. "We have listed all our businesses," Devakumar... 


CEF's Sapref refinery purchase raises clean-up concern
27th May 2024 By: Bloomberg

South Africa’s purchase of the nation’s largest refinery from Shell and BP for a symbolic R1 will transfer the environmental liability of the site to the government, according to a local advocacy... 


An image of the Sapref refinery
bp, Shell agree to sell Sapref land, associated assets to the CEF
27th May 2024 By: Tasneem Bulbulia

Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the... 


The Shell logo on a sign
Adnoc, Aramco said to mull bids for Shell South Africa assets
24th May 2024 By: Bloomberg

Abu Dhabi National Oil and Saudi Arabia’s state oil producer Aramco are among companies weighing bids for Shell’s downstream assets in South Africa, according to people familiar with the matter.... 


Trade, Industry and Competition Minister Ebrahim Patel
Vivo Energy to invest over R10bn in South Africa, Patel says
22nd May 2024 By: Reuters

Vivo Energy, owned by global commodities trader Vitol, will invest an initial R10-billion in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim... 


Sasol chairperson Stephen Westwell
Westwell to retire as Sasol chairperson
22nd May 2024 By: Creamer Media Reporter

Stephen Westwell will, on June 1, retire as nonexectutive director and chairperson of chemicals and energy group Sasol, after having served on the board for 12 years. Lead independent director... 


Vivo Energy, Engen complete deal to form ‘pan-African champion’
21st May 2024 By: Creamer Media Reporter

Engen and Vivo Energy have confirmed the completion of a transaction, announced in February 2023, to combine their respective businesses, with PETRONAS selling its 74% shareholding in Engen to Vivo... 


bpSA is celebrating 100 years of operating in South Africa
bpSA celebrates 100 years in South Africa
14th May 2024 By: Creamer Media Reporter

Energy company bp Southern Africa (bpSA) on May 9 celebrated its 100th year of operation in South Africa and says it will use this milestone to refresh and re-energise for the next century and... 


South Africa may curb Shell’s oil exploration over gas-pump exit
10th May 2024 By: Bloomberg

South Africa’s energy ministry signaled it may grant fewer oil exploration permits to Shell over the company’s plans to exit the nation’s fuel-supply business. The oil major is selling its... 


Puma Energy’s Africa head calls for urgent development of energy infrastructure on the continent
10th May 2024 By: Irma Venter

Puma Energy Africa head Fadi Mitri has issued a call to action to the African Refiners and Distributors Association (ARDA) to urgently develop the continent’s energy infrastructure. ARDA is the... 


Shell to exit South Africa's downstream businesses
6th May 2024 By: Reuters

Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday. "As a result... 


Sasol logo at Secunda Operations
Rossouw to step down as Sasol CFO in October
2nd May 2024 By: Marleny Arnoldi

Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a... 


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