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The Petroleum Industry in South Africa 2022

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  • 268 Pages
  • July 2022
  • Region: South Africa
  • Who Owns Whom
  • ID: 5892771


The liquid fuels sector is dominated by private petroleum companies and state-owned PetroSA.

High oil and gas prices, which peaked following the outbreak of the war in Ukraine, have resulted in oil majors reporting record profits globally, but could lead to a decline in demand. Four of South Africa’s six refineries have shut down as rising costs, impending new regulations on clean fuels and power cuts are making it increasingly expensive to operate refineries and more affordable to import refined product. 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.


Recent Namibian finds may boost South African oil and gas sector services.

The discovery of new gas resources in the southern Cape and Karoo will attract investment into the sector. The increase of liquefied petroleum gas and liquefied natural gas imports through newly constructed import terminals with sufficient storage facilities. The use of liquefied petroleum gas, green hydrogen and biofuels contribute to the reduction of greenhouse gas emissions and the decrease in respiratory-related diseases.


The outlook for the petroleum sector remains highly uncertain.

Sasol in January 2022 forecast lower than expected fuel production for the year to end-June as continued energy volatility, increased geopolitical tension and the pandemic could influence volumes and prices. Four out of six of South Africa’s refineries remain shut, with investment in renewable energy expected to outpace that of oil in future. Fuel consumption remains constrained by high fuel prices, the high percentage of people still working from home, pressure on new vehicle sales and the poor economic outlook. Recent oil and gas finds off the southern Cape coastline and shale gas in the Karoo, Mozambique and Namibia make the future of the country’s gas sector more promising. However, the gas sector is held back by infrastructure shortages and policy uncertainty, while environmental challenges make it more difficult to take advantage of new finds.

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.


Fuel retail and wholesale sector contributes to black economic empowerment.

Gas could provide a greener power alternative to produce electricity as South Africa reduces its reliance on coal. The manufacturing, wholesale and retail sectors are represented by strong associations. The multi-product pipeline provides fuel and lubricants across South Africa. The sector is an important job creator.


Continued slow pace in the establishment of clean fuel regulations.

Development of refining capacity in Africa. Fuel retail theft and pipeline theft is on the increase. Fuel retailers are concerned that proposed deregulation of the petrol price could push many struggling retailers out of business. Lack of fuel demand and weak economy in recent years, which worsened during the pandemic. Oil majors are shifting to renewable energy sources to cut CO2 levels, while growing global demand for electric vehicles and increasing energy efficiency will reduce demand for fossil fuels. Potential reduced demand for lubricants as a result of decreasing vehicle sales. South Africa could face a security of supply crisis with the closing of nearly all the country’s refineries.


A lack of infrastructure for importing and transporting liquefied petroleum gas and liquefied natural gas. A shortage of inland fuel storage capacity. High operating costs for retailers and refiners are affecting profit margins. Incomplete regulatory environment is preventing development of the biodiesel sector. Oil majors have high market power over independent wholesalers who struggle to access the national infrastructure used by the oil majors. Refinery infrastructure is old and needs investment to be upgraded, with currently just two of the country’s six refineries in operation. In addition, the cost of adapting to clean fuels may cripple refineries.

Table of Contents

2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
2.4. Key Success Factors and Pain Points
3.1. State of the Industry
3.2. Key Trends
3.3. Notable Players
3.4. Trade
3.5. Corporate Actions
3.6. Regulations
3.7. Enterprise Development and Social Economic Development
6.1. COVID-19
6.2. Economic Environment
6.3. Labour
6.4. Environmental Issues
6.5. Technology, Research and Development (R&D) and Innovation
6.6. Government Support
6.7. Input Costs
6.8. Pricing
6.9. Carbon Tax
6.10. Clean Fuels
6.11. New Oil and Gas Finds
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
11.1. Publications
11.2. Websites
  • Refiners, Processors, Wholesalers and Retailers
  • Lubricating oils and greases, primarily from other organic products
  • Other Petroleum / Synthesised Products N.E.C.
Company profiles - Refiners, Processors, Wholesalers and Retailers
  • African Group Lubricants (Pty) Ltd
  • African Oxygen (Pty) Ltd
  • Astron Energy (Pty) Ltd
  • Avedia Energy (Pty) Ltd
  • Blendcor (Pty) Ltd
  • Blue Chip Lubricants (Pty) Ltd
  • BP Southern Africa (Pty) Ltd
  • Deojay Petroleum KZN (Pty) Ltd
  • Desamark (Pty) Ltd
  • Diesel Supply Logistics (Pty) Ltd
  • Easigas (Pty) Ltd
  • Econ Oil and Energy (Pty) Ltd
  • Efora Energy Ltd
  • Elegant Fuel (Pty) Ltd
  • Engen Petroleum Ltd
  • Finishing Touch Trading 540 (Pty) Ltd
  • FPS Bulk Diesel (Pty) Ltd
  • Fuchs Lubricants South Africa (Pty) Ltd
  • G U D Holdings (Pty) Ltd
  • Germ Africa (Pty) Ltd
  • Gulfstream Energy (Pty) Ltd
  • Hammertone Fuels (Pty) Ltd
  • HandR South Africa (Pty) Ltd
  • Imbizo Petroleum Traders (Pty) Ltd
  • Makwande Energy Trading (Pty) Ltd
  • Masana Petroleum Solutions (Pty) Ltd
  • Mdubane Energy Services (Pty) Ltd
  • Motolube (Pty) Ltd
  • National Petroleum Refiners of South Africa (Pty) Ltd
  • Omnia Holdings Ltd
  • Oryx Oil South Africa (Pty) Ltd
  • Petregaz South Africa (Pty) Ltd
  • Petroleum Marketing Organization (Pty) Ltd
  • Petroleum Oil and Gas Corporation of South Africa SOC Ltd (The)
  • Petrox (Pty) Ltd
  • Piston Power Chemicals (Pty) Ltd
  • Primagas CC
  • Puma Energy South Africa (Pty) Ltd
  • Quantum Energy CC
  • Quest Petroleum (Pty) Ltd
  • Royale Energy (Pty) Ltd
  • Sasol South Africa Ltd
  • Sebokeng Fuels (Pty) Ltd
  • Shell and BP South African Petroleum Refineries (Pty) Ltd
  • Shell Downstream South Africa (Pty) Ltd
  • SLG (Pty) Ltd
  • Spanjaard Ltd
  • Sunbird Energy Holdings (Pty) Ltd
  • Tipublox (Pty) Ltd
  • Tosas (Pty) Ltd
  • TotalEnergies Marketing South Africa (Pty) Ltd
  • Totalgaz Southern Africa (Pty) Ltd
  • Tunica Trading 59 (Pty) Ltd
  • TWM Petroleum Services (Pty) Ltd
  • Vaal Truck Inn (Pty) Ltd
  • Valsar Petroleum (Pty) Ltd
  • Vivo Energy PLC
  • Vryheid Petroleum (Pty) Ltd
  • Winkelhaak Verspreiders CC
  • ZAS Petroleum (Pty) Ltd
Company profiles - Lubricating oils and greases, primarily from other organic products
  • Illovo Sugar Africa (Pty) Ltd
  • Tongaat Hulett Ltd
Company profiles - Other Petroleum / Synthesised Products N.E.C.
  • African Wax (Pty) Ltd
  • Banzi Trade 39 (Pty) Ltd
  • D H Brothers Industries (Pty) Ltd
  • GN Pearson
  • Goldenglo Candle and Soap Manufacturers (Pty) Ltd
  • HandR South Africa (Pty) Ltd
  • Jars Galore (Pty) Ltd
  • Kapula Candles South Africa (Pty) Ltd
  • Lion Match Products (Pty) Ltd
  • National Candle and Wax (Pty) Ltd
  • Sasol South Africa Ltd
  • Sea Lake Investments (Pty) Ltd

Companies Mentioned

  • Illovo Sugar Africa (Pty) Ltd
  • Tongaat Hulett Ltd