Sasol outage means all South African oil refineries are now shut

Sasol Ltd, South Africa’s largest fuel producer, declared force majeure on the supply of petroleum products due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies. MoneywebNews

Sasol Ltd, South Africa’s largest fuel producer, declared force majeure on the supply of petroleum products due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies SE, leaving just a fraction of the country’s fuel-production capacity still operational. Natref, a 108 000 barrel-a-day plant, was forced to shut after the late oil shipments, the company said in a statement.

Only Sasol’s synthetic fuel operations, which use coal as a feedstock, remain fully operational, making up about a fifth of nationwide capacity. A fire at the Engen oil refinery, which will be converted into a terminal, and an explosion at Glencore Plc’s Cape Town refinery, have rapidly curbed capacity. Sapref, the country’s biggest plant, which is owned by Shell Plc and BP Plc, stopped operations ahead of a sale and was subsequently damaged by floods.

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