Sasol

2022 - 7 - 18

Post cover — Image courtesy of "Reuters"

South African fuel producer Sasol to restart refinery by end July (Reuters)

South African fuel and petrochemical company Sasol Ltd will restart its refinery by the end of July, it said on Sunday, after the company declared force ...

What Sasol shut down of Natref refinery means for fuel supply and ... (CapeTalk)

Pippa Hudson speaks to the chief executive of the Liquid Fuels Wholesalers Association of South Africa (LFWA), Peter Morgan, about Sasol's declaration of a ...

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Energy Dept worried about jet fuel availability after Natref refinery ... (Eyewitness News)

Sasol Oil had to temporarily shut South Africa's Natref refinery over the weekend.

We've always planned for such an eventuality but I think the impact on jet fuel because this was something that was not expected and is something we're going to have to look at," Maqubela said. Sasol Oil had to temporarily shut South Africa's Natref refinery over the weekend. Sasol Oil had to temporarily shut South Africa's Natref refinery over the weekend.

Here's what the Sasol outage means for South Africa (CapeTown ETC)

As Bloomberg reports, the supply cut occurred after crude delivery delays to the Natref refinery Sasol owns with TotalEnergies. The Natref plant, usually ...

Although the report indicates that the drops are not predictive, they still mark an inkling toward a better outcome. However, hope might be on the cards for August. Will we be having ‘loadshedding’ but for petrol and diesel?

Sasol refinery shutdown 'won't lead to fuel shortage' (Jacaranda FM)

Sasol, which is South Africa's largest fuel producer, has declared force majeure due to delays in deliveries of crude to the Natref refinery it owns with ...

As soon as oil gets to their refinery they can start working again. “It’s basically a breakdown. “The only reason Sasol declared force majeure is because they could not supply their clients on time, because they were delays in getting crude oil in their refinery on time.

Sasol's oil refinery is shutting down (temporarily) – leaving none ... (Stuff Magazines)

Sasol Ltd., the largest and possibly most crucial fuel producer in South Africa, has declared force majeure on its supply of petrol, due to late deliveries ...

Over the past two years, South Africa has seen a halt in production from a great number of oil refineries. Luckily for us, the shutdown of Natref is only temporary. The company went on to confirm that the shutdown of the 108,000 barrel-per-day plant was due to late oil deliveries.

AFRICA: Sasol reportedly set to restart Natref refinery by end of July (Bunkerspot)

According to Reuters, Sasol issued a statement saying: 'The crude tanker has arrived in Durban and cargo dispatches are underway. Natref should start-up to run ...

Sasol says refineries will restart operating at the end of July, no fuel ... (Independent Online)

Sasol Ltd declared force majeure at its second biggest refinery on Friday due to a lack of crude oil.

We’ve always planned for such an eventuality but I think the impact on jet fuel, because this was something that was not expected, is something we’re going to have to look at,” Maqubela said. Maqubela said officials would use this week to assess the impact of the move and what it would take to recover. The company, which owns the Natref refinery with a subsidiary of France’s TotalEnergies, said it does not “anticipate any fuel supply shortages to fuel stations, including our own”.

South Africa's oil refining operations comes to halt with Sasol ... (Business Insurance)

Delayed crude oil deliveries has forced South Africa's largest fuel producer Sasol Ltd. to temporarily shut down its Natref refinery and declare a force ...

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What Sasol's shut down of Natref refinery means for fuel supply and ... (CapeTalk)

Pippa Hudson speaks to the chief executive of the Liquid Fuels Wholesalers Association of South Africa (LFWA), Peter Morgan, about Sasol's declaration of a ...

Read More Read More Read More Read More Read More Read More

Sasol refinery shutdown 'won't lead to fuel shortage' (East Coast Radio)

Sasol, which is South Africa's largest fuel producer, has declared force majeure due to delays in deliveries of crude to the Natref refinery it owns with ...

Sasol outage means all South African oil refineries are now shut (Energy Voice)

Sasol has declared force majeure at its Natref refinery, further reducing South Africa's stretched processing capacity.

As a result, the country’s monthly petroleum product imports are set to as much as triple by next year from pre-pandemic levels, energy consultant Citac said in a May report. For now, the outage at Natref is temporary. State-owned PetroSA’s gas-to-liquids plant, another synthetic operation, has run out of feedstock.

Why SA's refineries are out of action (Moneyweb.co.za)

The Sasol Natref force majeure won't hurt consumer pockets or business profitability too badly: Wilhelm Hertzog – Portfolio Manager, Rozendal Partners.

So it is usually just a case of ships not being in the right place at the right time, due to various issues, ranging from the hangover of Covid, to excess demand, to restrictions on exports from certain countries, Russian oil not being able to flow in the normal trade route that it usually did. WILHELM HERTZOG: To the best of my knowledge the delays are merely a manifestation of the global logistics issues that are being experienced across the world in shipping, in transportation generally. And then it was also damaged in the KZN flooding – keep in mind, Sapref is in Durban… Is this going move the dial in terms of the price that I pay for petrol at the pump? And keep in mind that even when South Africa’s refineries were all up and running, they did not, supply nearly all of the fuel consumed in South Africa. The Astron refinery in Cape Town has also been shut for the better part of two years now, same issue. It could be problematic for our balance of payments further down the track and potentially the rand, if the situation does worsen. So yes, a cessation of production like we experiencing currently for call it a month or so, is really not too material in terms of the bigger scheme. And keep in mind that South African petrol is already priced effectively at import parity, so we essentially already pay petrol prices equivalent to what it costs to import fuel. So production at the other refineries in the country have been suspended, for some time due to a string of other issues over the years. With the share price finishing up 3.5% on the JSE today [Monday]. It has run in the past year or so to around 58%. So not a big thing for shareholders. WILHELM HERTZOG: Yes. I would say that is the case.

Sasol, Central Energy Fund to open new 'gas bridge' to Mozambique (Daily Maverick)

Amidst an unprecedented load shedding crisis, the Central Energy Fund is pushing ahead with Energy Minister Gwede Mantashe's plan to build a 'gas bridge' to ...

But few believe that large-scale gas – which is expensive and still a fossil fuel – is a good idea. The problem with the notorious Karpowership projects was that they would burn gas for a minimum of 12 hours a day, thereby not only replacing more expensive diesel, but crowding out cheaper options like coal and renewables. One way of breaking this impasse is to create significant ‘anchor’ gas demand through the development of a gas-to-power programme,” the preliminary basecase report, published by the DMRE in December, reads. Generating electricity from gas is only marginally better – in price and environmental impact – than burning diesel. And considering that PetroSA, the largest asset in the CEF group, is technically insolvent with liabilities exceeding assets by R7-billion, the temptation for government to put its foot on the gas is high. Or read amaBhungane’s deep-diveon the question of “How much gas do we actually need?” Expanding the use of gas is unashamedly part of CEF’s strategy. How much gas South Africa’s electricity sector needs is the subject of increasingly bitter debate. Sasol will continue to use gas as it weans its Secunda operations off coal, but only for as long as it is profitable to do so. With volumes from the Pande and Temane fields in central Mozambique declining, Sasol’s most viable option is to import liquified natural gas (LNG) at Matola (Maputo) and feed it into the Rompco pipeline. If the state-owned gas trader goes ahead, it will be Sasol’s second gas deal with government. It is unclear what benefit any of the parties will get from this structure.

Sasol

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