South Africa’s largest fuel producer declared force majeure on the supply of petroleum products due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies SE.
Sasol Ltd., South Africa’s largest fuel producer, declared force majeure on the supply of petroleum products due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies SE, leaving just a fraction of the country’s fuel-production capacity still operational.
“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 result, the country’s monthly petroleum product imports are set to as much as triple by next year from pre-pandemic levels, energy consultant Citac said in a MayOnly Sasol’s synthetic fuel operations, which use coal as a feedstock, remain fully operational, making up about a fifth of nationwide capacity.
Sapref, the country’s biggest plant, which is owned by Shell Plc and BP Plc, stopped operations ahead of a sale and was subsequently damaged by floods.Meanwhile, a clean-fuels policy that’s set to take effect next year raises the likelihood that refineries unable to meet the new standards will have to shut permanently.
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