<\/p>\n
South Africa\u2019s Central Energy Fund (CEF) has outlined plans to revive oil-refining capacity that will see local processing of crude at least triple, potentially reducing dependence on fuel imports.<\/p>\n
The CEF intends to rebuild the Sapref refinery south of the port city of Durban, which was idled after 2022 floods in the KwaZulu-Natal province damaged the facility, targeting throughput of 400 000 barrels daily, it said in a statement Wednesday.<\/p>\n
Read:\u00a0Sasol fire heightens SA\u2019s dependence on fuel imports<\/p>\n
It would then raise this to 650 000 barrels daily subject to investment and approvals.<\/p>\n
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It didn\u2019t provide details on funding and timing.<\/p>\n
Redeveloping the refinery would boost local processing capabilities and cut reliance on imports, which account for about 61% of supply compared with 22% in 2019.<\/p>\n
Read:
National Petroleum Company\u2019s bold plan to secure SA\u2019s energy security
Mantashe wants to ramp up local fuel refining capacity, but has that boat sailed?<\/p>\n
The continent\u2019s biggest economy only has two operational crude-refining facilities, being Sasol\u2019s Natref facility and Astron Energy\u2019s plant in Cape Town, with a combined total capacity to process about 208 000 barrels a day.<\/p>\n
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Coupled with the Sasol coal-to-liquids plant at Secunda that processes about 150 000 barrels daily, the CEF\u2019s plan would more than double total refining capacity in South Africa.<\/p>\n
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\u201cSouth Africa cannot afford to lose sight of the strategic importance of domestic refining capacity,\u201d CEF CEO Tshepo Mokoka said.<\/p>\n
In the meantime, the fund will use existing tanks and transfer infrastructure to bolster imports, it said.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#plans #oilrefining #revival #cut #import #dependence<\/p>\n","protected":false},"excerpt":{"rendered":"
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