Demand for liquid fuel products in South Africa currently exceeds the country’s ability to manufacture such products. While the shortfall is generally met through imported refined fuel, the country has experienced localised incidents of liquid fuel shortages. In recent times, these shortages have increased in frequency and severity, creating fears about the country’s future security of liquid fuels supply.
Debate is rife about which strategy should be pursued to ensure the future security of South Africa’s liquid fuel supply. State-owned company, PetroSA, is strongly advocating the development of a new crude oil refinery. However, other options exist, such as the development of a new coal-to-liquids refinery, the upgrading of existing refineries, or importing the increased quantities of refined fuels, are also advocated. Amid this debate companies in the local liquid fuels sector are preparing for the roll-out of new fuel specifications in 2017, which will require refinery upgrades.
This report provides an overview of South Africa’s liquid fuels market, including the business environment, oil and gas production and exploration, crude oil refining and imports, competition, logistics and security of supply among other issues.
To purchase a copy of the report, click here.
Edited by: Creamer Media Reporter
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