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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.

Mossel bayWestern capeSouth africaKwazulu natalSouth africanPaul burkhardtDave wrightShell plcRussia gazprom groupBp plcDepartment of mineral resourcesDurban community environmental allianceCentral energy fundSouth durban community environmentalBiznews insiderMineral resources

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

South African Shell-BP Refinery Purchase Raises Clean-Up Concern
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Mossel bayWestern capeSouth africaKwazulu natalSouth africanDave wrightRussia gazprom groupDepartment of mineral resourcesCentral energy fundBp plcShell plcDurban community environmental allianceMineral resourcesSouth durban community environmental allianceDesmondd saShell downstream

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.

South africaKwazulu natalMossel bayWestern capeSouth africanDave wrightRussia gazprom groupDurban community environmental allianceCentral energy fundDepartment of mineral resourcesMineral resourcesSouth durban community environmental allianceDesmondd saGazprom group

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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Mossel bayWestern capeSouth africaNonny mashika dennisonGazprombank africaKhumbudzo ntshavheniRussia gazprom groupGazprom groupPresidency khumbudzo ntshavheni

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.

Mossel bayWestern capeSouth africaGazprombank africaKhumbudzo ntshavheniNonny mashika dennisonRussia gazprom groupGazprom groupPresidency khumbudzo ntshavheni