buyers of oil refinery plant oil refinery plant in Durban

Government buys Sapref oil refinery in Durban

  • buyers of oil refinery plant oil refinery plant in Durban
  • buyers of oil refinery plant oil refinery plant in Durban
  • buyers of oil refinery plant oil refinery plant in Durban
  • buyers of oil refinery plant oil refinery plant in Durban

South Africa’s state-owned CEF inks deal for

The buyers are in the building: CEF shows face at

SAPREF refinery to pause operations indefinitely in March

Oil and gas sector investment in KwaZulu-Natal

  • 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.
  • What is the largest crude oil refinery in South Africa?
  • Created in 1963, Sapref is the largest crude oil refinery in South Africa with a capacity of 180,000 bbl/d, accounting for 35% of the country’s refining capacity. There are three other refineries in South Africa: Engen (120 kb/d), Caltex Oil (110 kb/d), and Natref (105 kb/d).
  • 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.
  • Who owns SAPREF in South Africa?
  • In a landmark deal, BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have agreed to sell their 50% stakes in SAPREF (Pty) Ltd., the nation’s largest refinery, to state-owned Central Energy Fund SOC Ltd. The sale encompasses crucial assets such as crude and product tanks, pipelines, and the Single Buoy Mooring.

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