“While we appreciate the return to full operation of the Cape Town refinery, we are also mindful of the need for investments in a new refining capacity, particularly in light of the recent oil and gas discoveries both in the South African and Namibian waters,” Mantashe said. BUSINESS REPORT
Why has Glencore closed a refinery in South Africa?
Plants have closed as cleaner fuel specifications loom, though fires and floods have also been a factor. Glencore and local partner Astron Energy "remain committed to spending R6 billion to upgrade the refinery and thereby support an ongoing refining industry in South Africa”, the trader said in response to questions.
Will Astron energy boost South Africa’s refining capacity?
Photo: SIMPHIWE MBOKAZI/Independent Newspapers Astron Energy has reiterated its commitment to boosting South Africa’s refining capacity as the local refinery of crude oil has dwindled over the years amid major structural changes in the industry.
Why did Chevron buy a 100 000 barrel a day refinery?
The company acquired the 100 000-barrel-a-day refinery from Chevron Corp five years ago, usurping a bid from China Petroleum & Chemical Corp. It owns the asset through a majority holding in Astron. Costs through the one are directly related to drought experienced by the other.
Is Astron energy launching Caltex service stations in South Africa and Botswana?
Astron Energy is branding its Caltex service stations in South Africa and Botswana to Astron Energy in a phased manner. Photo: SIMPHIWE MBOKAZI/Independent Newspapers