The South African Petroleum Industry in South Africa 2016

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Nov 17, 2017, 10:26 ET

LONDON, Nov. 17, 2017 /PRNewswire/ -- The South African Petroleum Industry: The report on the South African Petroleum industry includes information on the manufacture of petrol, diesel, kerosene, Liquid Petroleum Gas (LPG), paraffin wax and a variety of lubricants. Statistics reveal that revenue generated by the 21 South African Petroleum Industry Association (SAPIA) members in this sector during 2014 was approximately R308bn or 8.1% of national GDP. In 2015 the sector had assets of R115bn and made an operating profit of R18bn. SAPIA members sustained 80,455 direct jobs and 669,880 indirect jobs and sold a total of 34 billion litres of fuel.

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Pressing Issues: Stakeholders believe that important issues facing the industry have the potential to disrupt the country's supply of refined petroleum products in the short and/or medium-term if not addressed with care and insight. Currently Sasol and PetroSA, using the Fischer-Tropsch process to manufacture petrol, diesel and LPG from coal and natural gas, provide approximately 25% of the country's needs. The balance of the 34 billion litres of fuel consumed in South Africa in 2015 was sourced through importing crude oil and refining it or importing refined petroleum products. However, South Africa's refineries need to be upgraded to meet Euro V emissions standards, which entail investment of more than R40bn and role players have not yet agreed on a suitable cost-recovery mechanism to facilitate payment for the upgrades. SAPIA believes that in light of the large export refineries coming on-stream in the East, domestic crude oil refineries will be unable to compete and are thus facing redundancy.

Report Coverage:
The South African Petroleum Industry describes the domestic sector, highlights current conditions, including the uncertainty that exists regarding the regulatory environment, and discusses factors influencing the success of the industry. Profiles for 54 companies are included, ranging from South African energy giant, Sasol South Africa (Pty) Ltd to small companies such as Germ Africa (Pty) Ltd and Deojay Petroleum KZN (Pty) Ltd that focus on the blending and wholesale of lubricants.

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