Sasol has declared a force majeure on petroleum products due to the delay of crude oil shipments that caused the shutdown of the Natref refinery. | Fin24
Sasol has declared a force majeure in respect of the supply of petroleum products after the Natref refinery was forced to shut down on Friday due to delays in the arrival of crude oil shipments.
"Sasol Oil has declared a Force Majeure on petroleum products as a result of delays in the arrival of crude oil shipments which are beyond Sasol Oil’s control. These delays have impacted availability of crude oil feedstock for processing at Natref, which necessitates the shutdown of its Natref refinery.
The company did not immediately confirm what had caused the delay. However, it is not the first time Sasol has had to declare a force majeure in recent months due to supply chain hassles. In April, it due to heavy rainfall and floods in KwaZulu-Natal, Fin24 previously reported. The Natref refinery – which was commissioned in 1971 – has undergone a number of upgrades during its lifespan, including an expansion project to increase its capacity by around 25% to some 108 000 barrels per day. It is a joint venture between Sasol mining and TotalEnergies.which they have said could make operations unviable in the futureBut the news of Natref's supply headache comes amid rising concerns over the state of South Africa's refineries.
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