new best selling crude oil refinery plant in johannesburg

   
new best selling crude oil refinery plant in johannesburg
                                               
                                               
                                               
                                               
  • new best selling crude oil refinery plant in johannesburg
Who owns SAPREF South African Petroleum Refinery?

The Sapref South African Petroleum Refinery just outside Durban City. (Bloomberg) -- BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have reached an agreement to sell their respective 50% stakes in assets held by the nation¡¯s largest refinery to state-owned Central Energy Fund SOC Ltd.

Who owns national petroleum refiners of South Africa (Natref)?

TotalEnergies Marketing South Africa is divesting its 36.36 percent minority stake in National Petroleum Refiners of South Africa (Natref) to the Prax Group. Located at Sasolburg, South Africa, the Natref refinery has a capacity of 108,500 barrels of oil per day, and supplies the main South African inland market in the Johannesburg area.

Why did totalenergies sell national petroleum refiners of South Africa?

'The transaction is in line with the company strategy to focus on its large integrated fuels and petrochemicals platforms and to divest its non-core assets'. TotalEnergies Marketing South Africa is divesting its 36.36 percent minority stake in National Petroleum Refiners of South Africa (Natref) to the Prax Group.

Does South Africa need a new oil refinery?

The country's Central Energy Fund is continuing to engage with Saudi Aramco on building a new oil refinery in Richards Bay. The minister said pre-feasibility studies are being carried out and that he hopes to hear a positive outcome from the Saudi Aramco evaluation. "South Africa needs a new crude oil refinery," he said.