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South Africa buys Shell-BP refinery for 1 rand, faces massive clean-up costs

South Africa's acquisition of its largest refinery from Shell and BP for a symbolic rand has sparked significant environmental concerns. ....

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South African Shell-BP Refinery Purchase Raises Clean-Up Concern

South African Shell-BP Refinery Purchase Raises Clean-Up Concern
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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CEF's Sapref refinery purchase raises clean-up concern

South Africa’s purchase of the nation’s largest refinery from Shell and BP for a symbolic R1 will transfer the environmental liability of the site to the government, according to a local advocacy group. The state-owned Central Energy Fund, which manages South African energy assets, agreed to buy the 180 000-barrel-a-day Sapref plant, the Department of Mineral Resources and Energy said on Saturday. The asset will support the CEF’s growth strategy following the decline of local refining capacity, according to the department. ....

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Gazprom Unit Deal to Fix S. Africa Refinery Moves to Feasibility

Gazprom Unit Deal to Fix S. Africa Refinery Moves to Feasibility
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Deal with Russia's Gazprombank to fix Mossel Bay refinery moves to feasibility stage

A deal between South Africa’s state-owned oil company and a unit of Russia’s Gazprom Group to revive its gas-to-liquids refinery in Mossel Bay on the nation’s south coast has moved into the feasibility stage, PetroSA said. ....

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