Keeping local refineries operational means SA will not become dependent on imported fuel
Jabulani Sikhakhane says in his column that “it is not clear what studies led the KwaZulu-Natal provincial government to conclude that the refinery is key to provincial economic growth” .
Refining is a critical part of the oil industry in the country and during 2019 six refineries were operating with a total installed capacity of 718,000 barrels per day , processing and transforming crude oil, natural gas and coal into petroleum products. This is as per the most recent economic impact assessment commissioned by Sapia and conducted by FTI Consulting.171,358 jobs ;R1bn of social investments.
SA has a well-developed downstream industry involved in importing, producing and distributing petroleum products for its domestic and regional markets. The industry was directly responsible for the supply of about 35-billion litres of petroleum products to these markets. The industry transports crude oil and petroleum products around the country through pipelines measuring 3,800km and operated by Transnet Pipelines, and supplies jet fuel to SA’s main airports.
Failure to upgrade will mean that tens of thousands of jobs will be placed at serious risk, as these refineries will be forced to close. This includes not only jobs in the refineries themselves but also in the industries associated with the refineries — those that supply services to the plants and those that rely on the production of specialty products from these plants. Keeping refineries operational means securing these livelihoods.
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