• Who owns SAPREF South African Petroleum Refinery?
  • The Sapref South African Petroleum Refinery just outside Durban City. BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have reached an agreement to sell their respective 50% stakes in assets held by the nation¡¯s largest refinery to state-owned Central Energy Fund SOC Ltd.
  • Who owns BP South Africa & Shell Downstream South Africa?
  • BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have reached an agreement to sell their respective 50% stakes in assets held by the nation¡¯s largest refinery to state-owned Central Energy Fund SOC Ltd.
  • What happened to South Africa’s biggest refinery?
  • It was South Africa¡¯s biggest refinery, until it was temporarily closed in 2022 after floods damaged the plant. It never reopened. It was built in the midst of several communities with a population today of approximately 285,000. For decades, it was at loggerheads with these communities over pollution, including oil pipeline leaks.
  • When did the SAPREF refinery open?
  • The Sapref refinery was commissioned (began operating) in 1964 in the port city of Durban. It contributed 35% of South Africa¡¯s refinery capacity and refined 180,000 barrels of imported crude oil per day. It was South Africa¡¯s biggest refinery, until it was temporarily closed in 2022 after floods damaged the plant. It never reopened.
  • Is BPSA a positive outcome for South Africa’s fuel industry?
  • Taelo Mojapelo, CEO of bpSA, said: ¡°We view this agreement as a positive outcome for bpSA, for South Africa¡¯s fuel industry, and for the country as a whole. Sapref is an important refinery, the largest in southern Africa, but continued ownership does not fit with bp¡¯s global strategy.
  • Should CEF buy SAPREF?
  • SAPREF is an important refinery, the largest in Southern Africa, but continued ownership does not fit with bp¡¯s global strategy. Finding a buyer committed to the future of the refinery was an important consideration for us ¨C we believe CEF is well-placed to take SAPREF forward.¡± bpSA Head: Communications and External Affairs ¨C [email protected].