Who Owns Whom

The South African Petroleum Industry 2022

Stephen Timm | South Africa | 11 July 2022

Full Report

R 13 500.00(ZAR) estimated $ 812.09 (USD)*

Industry Overview

R 9 450.00(ZAR) estimated $ 568.46 (USD)*

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Report Coverage

This report focuses on the manufacture of petroleum products from crude oil and natural gas in South Africa, and the wholesale and retail trade of these products. Information on the manufacture of lubricating oils and greases, primarily from other organic products, as well as the manufacture of other petroleum/synthesised products is also included. There is comprehensive information on the size and state of the sector, import and production statistics, the performance of notable players and relevant developments. There are profiles of 72 companies including major producers, refiners and retailers Sasol, TotalEnergies, Astron, BP, Engen and Shell, gas companies such as Easigas and lubricants companies such as Fuchs.

The Petroleum Industry in South Africa

High oil and gas prices, which peaked following the February 2022 outbreak of the war in Ukraine, have resulted in oil majors reporting record profits globally, although there is a risk that high prices could lead to a decline in demand. Four of the country’s six refineries have shut down, mainly in response to growing operating costs to meet new regulations such as clean fuels. However, Karoo shale gas reserves, two recent local gas discoveries and two new finds in Namibia could transform South Africa’s reliance on depleting local gas reserves and gas imports.

Price and Demand

The Russia-Ukraine war has propelled oil prices to over US$100 a barrel and sent fuel prices rocketing. Government intervened to temporarily reduce the fuel levy and has proposed deregulating the petrol price. While fuel demand is recovering, fuel sales have yet to recover to pre-pandemic levels. Diesel demand surged, mostly driven by Eskom’s diesel purchases. Prices have been tempered by China’s lockdowns and the release of strategic oil reserves by oil-producing countries.

Refineries Shutting Down

South Africa is refining less crude oil and only two refineries remain operational as it has become increasingly expensive to operate refineries and more affordable to import refined product. The only refineries operating are a crude refinery and a synfuels refinery after the biggest crude oil refinery ceased refining at the end of March 2022. One refinery is set to come back online in late 2022. .

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Historical Reports

The South African Petroleum Industry 2021-04-13

R 9 500.00(ZAR) estimated $571.47 (USD)*

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The South African Petroleum Industry 2019-07-31

R 1 900.00(ZAR) estimated $114.29 (USD)*

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The South African Petroleum Industry 2018-05-23

R 1 900.00(ZAR) estimated $114.29 (USD)*

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The South African Petroleum Industry 2016-12-05

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Manufacture of Biofuels 2015-07-30

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Manufacture, Wholesale and Retail of Petrol and Lubricants 2015-06-30

R 1 900.00(ZAR) estimated $114.29 (USD)*

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Table of Contents

PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 8
2.2. Geographic Position 9
2.3. Size of the Industry 11
2.4. Key Success Factors and Pain Points 21
3. LOCAL 21
3.1. State of the Industry 21
3.2. Key Trends 22
3.3. Notable Players 35
3.4. Trade 37
3.5. Corporate Actions 42
3.6. Regulations 44
3.7. Enterprise Development and Social Economic Development 48
4. AFRICA 51
5. INTERNATIONAL 57
6. INFLUENCING FACTORS 60
6.1. COVID-19 60
6.2. Economic Environment 61
6.3. Labour 62
6.4. Environmental Issues 64
6.5. Technology, Research and Development (R&D) and Innovation 66
6.6. Government Support 67
6.7. Input Costs 68
6.8. Pricing 69
6.9. Carbon Tax 73
6.10. Clean Fuels 73
6.11. New Oil and Gas Finds 74
7. COMPETITIVE ENVIROMENT 74
7.1. Competition 74
7.2. Ownership Structure of the Industry 76
7.3. Barriers to Entry 76
8. SWOT ANALYSIS 77
9. OUTLOOK 78
10. INDUSTRY ASSOCIATIONS 79
11. REFERENCES 80
11.1. Publications 80
11.2. Websites 80
APPENDIX 1 - SUMMARY OF NOTABLE PLAYERS 82
Refiners, Processors, Wholesalers and Retailers 82
Lubricating oils and greases, primarily from other organic products 90
Other Petroleum / Synthesised Products N.E.C. 91
Company profiles - Refiners, Processors, Wholesalers and Retailers 93
African Group Lubricants (Pty) Ltd 93
African Oxygen (Pty) Ltd 95
Astron Energy (Pty) Ltd 100
Avedia Energy (Pty) Ltd 104
Blendcor (Pty) Ltd 106
Blue Chip Lubricants (Pty) Ltd 108
BP Southern Africa (Pty) Ltd 110
Deojay Petroleum KZN (Pty) Ltd 113
Desamark (Pty) Ltd 115
Diesel Supply Logistics (Pty) Ltd 117
Easigas (Pty) Ltd 119
Econ Oil and Energy (Pty) Ltd 122
Efora Energy Ltd 124
Elegant Fuel (Pty) Ltd 127
Engen Petroleum Ltd 129
Finishing Touch Trading 540 (Pty) Ltd 133
FPS Bulk Diesel (Pty) Ltd 135
Fuchs Lubricants South Africa (Pty) Ltd 137
G U D Holdings (Pty) Ltd 139
Germ Africa (Pty) Ltd 142
Gulfstream Energy (Pty) Ltd 144
Hammertone Fuels (Pty) Ltd 146
HandR South Africa (Pty) Ltd 148
Imbizo Petroleum Traders (Pty) Ltd 150
Makwande Energy Trading (Pty) Ltd 151
Masana Petroleum Solutions (Pty) Ltd 152
Mdubane Energy Services (Pty) Ltd 154
Motolube (Pty) Ltd 156
National Petroleum Refiners of South Africa (Pty) Ltd 158
Omnia Holdings Ltd 161
Oryx Oil South Africa (Pty) Ltd 166
Petregaz South Africa (Pty) Ltd 168
Petroleum Marketing Organization (Pty) Ltd 170
Petroleum Oil and Gas Corporation of South Africa SOC Ltd (The) 172
Petrox (Pty) Ltd 176
Piston Power Chemicals (Pty) Ltd 177
Primagas CC 179
Puma Energy South Africa (Pty) Ltd 181
Quantum Energy CC 183
Quest Petroleum (Pty) Ltd 185
Royale Energy (Pty) Ltd 187
Sasol South Africa Ltd 189
Sebokeng Fuels (Pty) Ltd 193
Shell and BP South African Petroleum Refineries (Pty) Ltd 195
Shell Downstream South Africa (Pty) Ltd 199
SLG (Pty) Ltd 201
Spanjaard Ltd 203
Sunbird Energy Holdings (Pty) Ltd 206
Tipublox (Pty) Ltd 208
Tosas (Pty) Ltd 210
TotalEnergies Marketing South Africa (Pty) Ltd 212
Totalgaz Southern Africa (Pty) Ltd 216
Tunica Trading 59 (Pty) Ltd 219
TWM Petroleum Services (Pty) Ltd 221
Vaal Truck Inn (Pty) Ltd 222
Valsar Petroleum (Pty) Ltd 224
Vivo Energy PLC 225
Vryheid Petroleum (Pty) Ltd 229
Winkelhaak Verspreiders CC 231
ZAS Petroleum (Pty) Ltd 233
Company profiles – Lubricating oils and greases, primarily from other organic products 234
Illovo Sugar Africa (Pty) Ltd 234
Tongaat Hulett Ltd 237
Company profiles – Other Petroleum / Synthesised Products N.E.C. 242
African Wax (Pty) Ltd 242
Banzi Trade 39 (Pty) Ltd 243
D H Brothers Industries (Pty) Ltd 244
GN Pearson 247
Goldenglo Candle and Soap Manufacturers (Pty) Ltd 249
HandR South Africa (Pty) Ltd 251
Jars Galore (Pty) Ltd 253
Kapula Candles South Africa (Pty) Ltd 255
Lion Match Products (Pty) Ltd 257
National Candle and Wax (Pty) Ltd 259
Sasol South Africa Ltd 260
Sea Lake Investments (Pty) Ltd 264