South African Oil Refineries Now Closed Due to Sasol Outage

South African Oil Refineries Now Closed Due to Sasol Outage

As a result of delays in deliveries of crude to the Natref refinery it owns with TotalEnergies SE, Sasol Ltd. declared force majeure on the supply of petroleum products, Bloomberg reported.

The late oil shipments forced Natref, a 108,000 barrel-a-day plant, to shut down. “Sasol Oil will not be in a position to fully meet its commitments on the supply of all petroleum products from July 2022,” the firm said.

As a consequence of the shutdown, all of South Africa’s oil-refinery fleet is out of operation following the suspension of production at several other refineries over the past two years.

Sasol’s coal-fired synthetic fuel operations, which make up about a fifth of its nationwide capacity, are the only ones still fully operational.

Natref’s outage is temporary for now. By the end of July, Sasol expects the plant to ramp up to maximum production as crude oil shipments begin arriving. According to Sasol Chief Executive Officer Fleetwood Grobler, the partners have yet to settle on the plant’s future.

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