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crude oil refinery capital cost in south african


South Africa sees new Saudi-backed $10 bln refinery onstream by

Work on the project is still at an early stage, but indications are that it would cost in the region of $10 billion, “We are comfortable we have a very solid business case to attract investment and funding from bankers,” Zono told Reuters on the sidelines of an oil and gas conference in South Africa's national oil company, PetroSA, said in September its flagship GTL refinery could run out of

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South Africa set to get major new R147 billion oil refinery

“This refinery will not only increase capacity for South Africa but also the region,” he said, adding it would be funded in the next few weeks, after which a more detailed feasibility study will firm up the design and capital cost

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REFINERY NEWS ROUNDUP: Most refineries in South Africa back

Refineries in South Africa are mostly back online although the restart after a lengthy maintenance at Cape Town has However, the timeline has been brought forwards after preliminary front-end engineering design studies indicated that the cost for building the --State-owned Nigerian National Petroleum Corp. said it hoped to take a final investment decision for its condensate refinery

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Saudi Arabia plans oil refinery, petchem plant in South Africa

New Delhi: Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10 billion of study and identifying the parameters of the project," Falih told reporters in Pretoria, South Africa's administrative capital.

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South Africa - EIA

South Africa has limited proved reserves of oil and natural gas and uses its large coal deposits to meet most has a majority interest in the Natref oil refinery, partially owns the pipeline However, both proposed pipelines involve long distances and high capital costs, current LNG regasification proposals.

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Energy | Refineries & Retail - Engineering News

By: Reuters 17th August 2020 South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak. The world's top producer

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Energy Efficiency in the South African Crude Oil Refining Industry

South Africa's electricity price has been amongst the cheapest in the world, this is partially as a result of its abundant coal reserves and over-investment in generating capacity in the. 1980's. This price is less than half that in the

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South Africa sees new Saudi-backed USD10B refinery onstream by

MOSCOW (MRC) -- South Africa's Central Energy Fund (CEF), partnering with Saudi Aramco, expects a proposed new A pre-feasibility study will be completed in the next few weeks, after which a more detailed feasibility study will firm up the design and capital cost South Africa's national oil company, PetroSA, said in September its flagship GTL refinery could run out of domestic

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Oil and gas taxation in South Africa - Deloitte

oil and gas companies. 5. • Exploration and post-exploration expenditure. 5. • Expenditure of a capital nature. 5. • Deemed trade. 5 South African state-owned company, Petroleum Oil and Gas Corporation of South Africa (“PetroSA”) dominates the upstream oil and gas sector income and income from the refining of gas derived in respect of any oil and gas right held by the company. In terms of further

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Southern Africa's Oil and Gas Opportunity - - Article - Germany

Recent discoveries of major gas and oil deposits in southern Africa could dramatically improve the prospects for the region. Second, gas and oil sources have relatively high extraction costs: They're either deepwater sources, such as those off Of the daily total refining capacity, 500,000 barrels is crude oil and 195,000 barrels coal-to-liquid synthetic fuel. The imperative for the government is to make sure it explores all possible opportunities and puts in place policy and investment

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Saudi Arabia in Talks to Build Refinery in South Africa | Rigzone

Saudi Arabia is in talks to build an oil refinery in South Africa as part of a pledge. Arabia made its spending pledge last July as South African President Cyril Ramaphosa sought investment to revive a flagging economy.

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Oil - Glencore

petroleum products in South Africa, with a vast network of Caltex-branded service stations that make us one of the country's top two petroleum brands. Astron also owns and operates the country's third-largest crude oil refinery in Cape Town,

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South Africa legislates for oil and gas future - Petroleum Economist

The partners financed Main Street 1549 Proprietary's share of exploration costs in 2019. “We think the 10pc B-BBEE stake may slow down investment, particularly in acreage held by smaller independents. But with regard to

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Mthombo Oil Refinery - Hydrocarbons Technology

The Mthombo Crude Oil Refinery project will be located in the Coega Industrial Development Zone near Port Elizabeth in the Eastern Cape of South Africa. It is an initiative taken by the state owned PetroSA to meet South Africa's demand for refined oils. As the project was conceived during a period of economic boom, it was estimated to cost $11bn. However, the project has come under criticism and opposition from an oil major on the grounds that such an investment could be

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Grassroots Refinery, Cape Town, South Africa - Fluor

Fluor completed South Africa's third major oil refinery, a grassroots project in Cape Town, one of the world's largest The refinery used enriched Arabian crude to produce regular and premium gasoline, diesel and fuel oils, low-pressure gas,

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Pacesetter Refinery Turnaround, South Africa - Fluor

SAPREF is a joint venture of Shell SA Refining and BP Southern Africa. The crude oil refinery is the largest in Southern Africa and represents 35 percent of South Africa's refining capacity. The refinery processes 24,000 tons of crude per day,

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Fuel supply – World Energy Investment 2020 – Analysis - IEA

Planned 2020 investments in upstream oil and gas have been slashed under pressure from the collapse in oil prices and demand In recent years, investment in new refining, petrochemicals and LNG capacity had already started to run ahead of near-term growth in Guyana, and Trinidad and Tobago, and there were also significant discoveries in China, Malaysia, Indonesia, Norway and South Africa .

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terms of reference for the appointment of a service provider to collect

1 Throughout the document “Refining” refers to crude oil refining, synthetic fuel production from the coal-to- liquid and basis for capital cost estimation and how the costs of the various supply side costs will be brought to a 2.10 When contextualizing the cost and performance implications for South Africa,.

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Dim Prospects For South Africa's Refinery Sector - Africa Oil+Gas

Other oil multinationals might find it difficult to divest from SA because flat fuel sales render their petrol forecourts unattractive and the cost of refinery upgrades or closures presents a substantial capital commitment for the

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Oil and Gas in Africa - African Development Bank

3.3.5 Human Capital Development and 4 Impact of High Oil Prices on African Economies 122. 4.1 Impact of Oil Prices on Africa 2.6 Total Oil Consumption and Refinery Capacity in Africa. 49 Natural Gas. COMESA. Common Market for Eastern and. Southern Africa. DFID. Department for International. Development xxi

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Energy and transport issues for Gauteng, South Africa - Research

lar, oil. The price of oil has increased significantly since 2000. Much of this can be attributed to the increasing demand, coupled with limited will mean a far higher capital cost applied to the balance, South African refineries were petrol short.

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Oil and Gas in Africa - African Development Bank

3.3.5 Human Capital Development and 4 Impact of High Oil Prices on African Economies 122. 4.1 Impact of Oil Prices on Africa 2.6 Total Oil Consumption and Refinery Capacity in Africa. 49 Natural Gas. COMESA. Common Market for Eastern and. Southern Africa. DFID. Department for International. Development xxi

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Petronas - AGE (African Growing Enterprises) File - Institute of

Engen, as a PETRONAS subsidiary, is an African-based petroleum company with a history going back to 1897 when the UK Subsequent to the de-listing Petronas sold 20% of its shareholding in Engen Limited to Worldwide African Investment support while Engen is the sole marketer and distributor of a range of ExxonMobil's lubricants in South Africa, Namibia, Its Durban-based refinery, which has a capacity of 135 000 barrels a day, is one of the most sophisticated crude oil

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Energy security and liquid fuels in South Africa

demand and reliance on crude oil. I then devote attention to the cost of energy dependence. The final section looks at ways of addressing energy insecurity by chase crude oil leading, in turn, to higher fuel prices. Dependence on outside sources leaves South. Africa vulnerable to factors beyond its control such ficient investment over the past years (Stevens, Table 2: Capacity of South African refineries. (billion barrels/day). Source: SAPIA (2006). Refineries. 1992. 1997. 2006.

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Sasol

Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. The company was formed in 1950 in Sasolburg, The fuel price is directly linked to the oil price and is thus subject to potentially large fluctuations. Sasolburg, Natref, Sasol's joint-venture inland refinery with Total SA, and Satellite Operations, a consolidation of all Sasol's The energy business manages the marketing and sales of all oil, gas and electricity products in Southern Africa, which

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Vodacom Group Limited - South African Petroleum Industry

Furthermore the government is seeking to impose new, more onerous fuel specifications that will require significant investment to manufacture these. Without the same economies of scale, operating costs of refineries in South. Africa are about

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Project Mthombo - PetroSA

South Africa is facing persistent supply challenges, and PetroSA as a national oil company has a role of ensuring like South Africa,; The project requires huge capital investments for a small scale refinery and it is economically unviable. Conveniently located at the centre of heavy sour crude oil sources, Project Mthombo will be designed to process medium to high sulphur crude oils to minimise costs.

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european commission study on oil refining and oil markets

of low profitability, such that investment in the industry in Europe and the U.S. has primarily been focussed on making and its potential impact on crude oil prices and the European economy has prompted the Commission, along with OPEC, to South Africa has been aggressive in serving the small importing African

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Petroleum Refinery Planning and Economics

Investment Costs for the New Facilities . S.A. Treese et al. (eds.) entitled “▷ Introduction to Crude Oil and Petroleum Processing” of this Hand- book. refinery crude unit will be 34,000 BPSD and that for the South Wales Refinery crude unit

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Africa Oil & Gas 2019 - PwC

8 The oil price. 14. 9 Gas and LNG supply and demand. 17. 10 Nigeria's oil & gas sector: Lessons to be learned. 19 attack on Saudi Arabia's refineries and an escalation of violent incidents in South America. North America. Europe. Russia. CAGR. +5%. In line with the oil price crash of 2014 to 2016, capital expenditure

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