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Refineries & Retail

Projections for global temperature increase by 2100 above preindustrial levels based on targets and announcements from COP27.
Climate projections again point to dangerous 2.7 °C rise by 2100
10th November 2022 By: Bloomberg

The research partnership Climate Action Tracker (CAT) on Thursday released its latest projections of how greenhouse gas emissions may dangerously raise the global average temperature. The result is... 


Al Gore addressing delegates at COP27
World’s carbon dioxide hotspots pinpointed by Al Gore-backed climate project
9th November 2022 By: Bloomberg

A consortium of dozens of research nonprofits on Wednesday launched a free online platform that details greenhouse gas emissions around the world across 20 economic sectors. Climate Trace, which... 


Sasol to offer $750m of guaranteed convertible bonds
1st November 2022 By: Marleny Arnoldi

Petrochemicals giant Sasol will launch an offering of $750-million, or R13.6-billion, guaranteed senior unsecured convertible bonds on or around November 8, through an indirect wholly-owned... 


S&P upgrades Sasol to 'BB+' on debt reduction; outlook stable
31st October 2022 By: Tasneem Bulbulia

Chemicals company Sasol’s funds from operations- (FFO-)to-debt improved to 54% in the financial year ended June 30, following the company’s efforts to deleverage by using asset disposal proceeds to... 


Shell launches engine-cleaning diesel into local commercial market
28th October 2022 By: Donna Slater

Petrochemicals producer Shell Commercial Fuels launched a new formulation of its FuelSave diesel additive-based fuel in South Africa on October 28. The company says the fuel incorporates injector... 


Europe crisis spurs Botswana $2.5bn coal-to-liquid revival
25th October 2022 By: Bloomberg

Botswana is seeking to secure funding partners for a $2.5-billion plant to produce synthetic fuels from coal, a plan rekindled by the energy crisis playing out in Europe, according to its energy... 


Sasol still to determine impact of Transnet strike on its operations
20th October 2022 By: Marleny Arnoldi

Following a wage-related strike at State-owned freight utility Transnet, petrochemicals giant Sasol says it is not yet able to quantify the impact on its South African value chains. The industrial... 


Petrol pumps
Grim outlook for diesel, petrol prices next month
17th October 2022 By: News24Wire

With two weeks left before November's fuel prices are fixed, the latest information from the Central Energy Fund shows that diesel and petrol prices currently look set for increases. Based on the... 


A photo of a container ship at sea
Opinion: Towards green hydrogen – realising the maritime opportunity for South Africa
12th October 2022

In this article, Council for Scientific and Industrial Research principal research engineer Thomas Roos and Saldanha Bay Industrial Development Zone CEO Kaashifah Beukes outline the opportunities... 


South Africa should produce sustainable aviation fuels locally – WWF
5th October 2022 By: Schalk Burger

Sustainable aviation fuels (SAFs), typically made from biobased feedstocks such as energy crops, wastes and residues, can help to mitigate the greenhouse-gas emissions from South Africa’s aviation... 


Petrol price will be cut on Wednesday, but diesel gets pricier
3rd October 2022 By: News24Wire

The price of 95 unleaded petrol will be lowered by R1.02 a litre on Wednesday, while 93 petrol will be 89c cheaper, the Department of Mineral Resources and Energy announced on Monday. This will... 


ACSA increases Cape Town jet fuel reserves
3rd October 2022 By: Schalk Burger

Airports agency the Airports Company South Africa (ACSA) has managed to increase the number of jet fuel reserves at Cape Town International Airport (CTIA) and is confident that flight movements... 


PetroSA parts ways with CEO
28th September 2022 By: News24Wire

State-owned oil company PetroSA has parted ways with its CEO only two years into his contract under circumstances the company says it will not disclose.  Pragasen Naidoo, a chemical engineer and a... 


Petrol Pump
Petrol looks set for another price cut, but diesel may be hiked
14th September 2022 By: News24Wire

Almost mid-way through the month, the latest data from the Central Energy Fund show that petrol prices may be cut in the first week of October. However, diesel is on track for a price hike. Based... 


An image of Beka Schréder’s LEDNOVA luminaire
Luminaires best fit for refineries
9th September 2022 By: Leah Shelene Asaram

Leading manufacturer of luminaires Beka Schréder deems their luminaires as the best fit for zoned environments, such as oil refineries. “All products produced by Beka Schréder are locally... 


An image of Oilflow director Enoch Qua-Enoo
Shutdown of oil refineries requires more oil imports
9th September 2022 By: Leah Shelene Asaram

Local manufacturers and independent blenders of petroluem byproducts have to increase import expenses, owing to the shutdown of oil refineries, says lubricants manufacturer Oilflow director Enoch... 


A rebranded service station in Cape Town
Astron Energy starts rebranding of 850 service stations across South Africa
8th September 2022 By: Schalk Burger

Petroleum retailer Astron Energy has started rebranding its 850 service stations across South Africa. The rebrand is a key milestone in Astron’s ambition of becoming the next biggest fuel brand in... 


Official petrol, diesel prices for Sept announced
5th September 2022 By: News24Wire

The price of both 93 and 95 unleaded petrol will be lowered by R2.04 a litre on Wednesday, the Department of Mineral Resources and Energy announced on Monday. This will lower the price of 95 petrol... 


Petrol Pumps
Petrol price set to drop by over R2 per litre on Wednesday
2nd September 2022 By: News24Wire

According to the latest data from the Central Energy Fund, the price of 95 unleaded petrol is expected to fall by around R2.35 a litre on Wednesday. The price of 93 petrol could drop by around... 


Petrol pumps
Fuel prices still on track for a cut next week - but margin is shrinking
29th August 2022 By: News24Wire

According to the latest data from the Central Energy Fund, the price of 95 unleaded petrol is expected to fall by around R2.28 a litre in the first week of September. The price of 93 petrol could... 


Sasol profit surges on higher oil, chemicals prices
23rd August 2022 By: Reuters

Sasol posted a 147% jump in full-year core profit on Tuesday boosted by higher fuel and chemicals prices, helping the South African chemicals and energy firm declare its first dividend since 2019.... 


Sasol's Secunda operation
Sasol warns carbon tax could prompt it to scale back operations
22nd August 2022 By: Bloomberg

Sasol, South Africa’s second-biggest greenhouse gas emitter, sees carbon taxes posing a “significant risk” to its business and warned current proposals could cause it to curtail operations and... 


Refinery officially reopened
12th August 2022

The Durban South Training Centre, run by the Durban South Training Trust (DSTT), was officially re-opened at new premises with bigger facilities. During the July 2021 civil unrest, DSTT premises... 


Glencore to restart South African oil refinery in fourth quarter
4th August 2022 By: Reuters

Global commodities trader Glencore will restart its Cape Town oil refinery in the fourth quarter this year, more than two years after a deadly explosion shuttered the plant, Chief Executive Gary... 


Higher oil, chemicals prices drive Sasol’s earnings higher
4th August 2022 By: Marleny Arnoldi

JSE-listed petrochemicals company Sasol reports that it benefitted from a favourable macroeconomic environment, higher crude oil and chemicals prices and higher refining margins in the financial... 


Petrol Pumps
Some relief for SA with 'sizeable' fuel price cuts coming
27th July 2022 By: News24Wire

South Africans will be getting some relief at the petrol pumps with fuel price cuts in August, the department of mineral resources and energy confirmed on Wednesday. According to the latest data... 


Natref supply partially restored, Sasol’s full-year production decreases
25th July 2022 By: Donna Slater

Chemicals and petrochemicals producer Sasol reports that crude oil supply has been partially restored from its majority-owned Sasolburg-based Natref refinery, after the company declared a force... 


Commission recommends approval of SFF’s buyout of 50% stake in Cape Town Terminal
22nd July 2022 By: Schalk Burger

The Competition Commission has recommended to the Competition Tribunal that it approve, without conditions, the State-owned Strategic Fuel Fund’s (SFF’s) acquisition of  a 50% interest in the Cape... 


The Natref refinery
Sasol outage means all South African oil refineries are now shut
18th July 2022 By: Bloomberg

Sasol, South Africa’s largest fuel producer, declared force majeure on the supply of petroleum products due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies,... 


‘Calls for petrol price deregulation uninformed’
8th July 2022 By: Irma Venter

Increasing calls from the public for the petrol price to be deregulated speak of ignorance, warns Fuel Retailers Association (FRA) CEO Reggie Sibiya. “As fuel prices continue to rise, there is... 


Trucks block South African road to Mozambique as fuel costs surge
6th July 2022 By: Bloomberg

Protesters in a city in South Africa’s north east blocked roads including a highway linking the country to Mozambique with trucks Wednesday morning as they demonstrated against fuel prices rising... 


Fuel prices to surge to new record, as general levy relief is trimmed to 75c/l
Fuel prices to surge to new record, as general levy relief is trimmed to 75c/l
4th July 2022 By: Terence Creamer

As feared, Mineral Resources and Energy Minister Gwede Mantashe has announced big fuel price increases for implementation on July 6. Despite calls ahead of the announcement for the temporary... 


GreenYellow secures contracts with Retailability, PPC Cement in South Africa
24th June 2022 By: Schalk Burger

Energy efficiency, services and solar photovoltaic solutions company GreenYellow has secured two contracts in South Africa, including a seven-year energy efficiency partnership agreement with... 


Transnet, Sasol, Total, and the apartheid-era pricing deal. Why ConCourt agreed it should end
22nd June 2022 By: News24Wire

The Constitutional Court has ruled that Transnet was entitled to terminate a long-term pricing agreement, put in place in the apartheid era, and relating to the transportation of crude oil to Sasol... 


Image of a Shell service station
Calls for petrol price deregulation display lack of knowledge – FRA
17th June 2022 By: Irma Venter

Increasing calls from the public for the petrol price to be deregulated speak of ignorance, warns Fuel Retailers Association (FRA) CEO Reggie Sibiya. “As fuel prices continue to rise, there is... 


Africa’s governments face stark choices as fuel prices scale new highs
16th June 2022 By: Bloomberg

African governments face stark choices over fuel prices as sanctions on Russian oil disrupt global markets for energy, according to one of the continent’s key suppliers. “There is no doubt that... 


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