The South African government has reiterated its stance that South African needs a mega oil refinery despite “fundamental changes” under way globally, including the transition to electric mobility. In ...

The deal includes shares of BP and Shell in the amount of 50% shares each in a land plot owned by Sapref (Pty) Ltd., and other assets, including crude oil and finished product tanks, process plants, ...

Shell and BP Plc jointly owned Sapref, South Africa’s largest oil refinery, and sold it for a symbolic R1 to the state-owned Central Energy Fund after the oil majors stopped processing there in ...

South African units of Shell and BP will pay around $15 million to state-run Central Energy Fund for operational costs at Sapref refinery that the oil firms are selling to the government ...

Shell and BP Plc jointly owned Sapref, South Africa’s largest oil refinery, and sold it for a symbolic 1 rand (five US cents) to the state-owned Central Energy Fund after the oil majors stopped ...

Due to the civil unrest in the country and disruption of supply routes in and out of Kwazulu-Natal, suppliers of materials critical to SAPREF operations communicated the suspension of deliveries to ...

The Inkatha Freedom Party is outraged at the government’s nonchalant announcement that the state-owned Central Energy Fund had concluded the two-year-long discussions to purchase the Sapref refinery ...

Following its acquisition of the 180,000-barrel-a-day (b/d) Sapref refinery from Shell and bp last year, South Africa’s state-owned Central Energy Fund (CEF) now reportedly wants to take over the ...

It’s not alone. Phillips 66 plans this year to close its Wilmington, California, refinery after shutting a hurricane-damaged Louisiana plant in 2021, and several other refineries are vulnerable ...

Chemical giant LyondellBasell is set to close its Houston refinery and exit the refining industry this coming weekend, according to a new report. The company's refinery, located on the Houston ...

HOUSTON (Reuters) -LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations.