cost and palm kernel oil refinery business in durban

   
cost and palm kernel oil refinery business in durban
                                               
                                               
                                               
                                               
  • cost and palm kernel oil refinery business in durban
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.

Will shell divest SAPREF refinery in South Africa?

Shell announced early in May that it was also going to divest its downstream operations in South Africa. The Sapref refinery has paused operations since February 2022 when the two oil giants first considered a sale of the plant.

Will BP buy Durban refinery for 1 rand?

The Central Energy Fund (CEF) is in the process of seeking National Treasury's approval to buy the flood-damaged refinery, with a nameplate capacity of 180,000 barrels per day, from Shell and BP for only 1 rand ($0.0539). The deal includes fixed assets and transmission pipelines in the east coast petrochemical hub of Durban.

How much will shell pay BP & BP for SAPREF refinery?

CAPE TOWN, Aug 6 (Reuters) - South African units of Shell (SHEL.L) and BP (BP.L) will pay around $15 million to state-run Central Energy Fund for operational costs at Sapref refinery that the oil firms are selling to the government, a letter from the energy minister to the finance ministry showed.