News Industry

Vitol to Boost South Africa Fuel Storage with $130 Million Investment

Vitol to Boost South Africa Fuel Storage with $130 Million Investment
Wednesday, 15 April 2026 13:08
  • Vitol will invest $130 million via Vivo Energy to expand fuel storage in Durban.
  • The project aims to double capacity to 500,000 m³ and strengthen national fuel reserves.
  • New infrastructure could add 20–25 days of запас supply in case of disruptions.

Vivo Energy, the South African subsidiary of Vitol, plans to invest $130 million to expand fuel storage capacity in Durban, as the group strengthens its role in the country’s energy supply chain.

Chief Executive Officer George Roberts announced the investment on April 14 during the South African Investment Conference.

The company will use the funds to convert former refining tanks into storage facilities. The upgraded infrastructure will handle multiple petroleum products, including diesel, gasoline and jet fuel, at one of South Africa’s key port hubs.

Moreover, Vivo Energy aims to double its current storage capacity to reach a total of 500,000 cubic meters. The company expects to commission the new capacity between the third quarter of 2026 and 2027. Roberts said the expansion will “increase stock levels in the country,” allowing South Africa to build reserves equivalent to an additional 20 to 25 days of supply in case of disruptions.

The project will also include the rehabilitation of a petroleum products reception terminal located in Island View, a major logistics zone within Durban.

A player consolidating its logistics footprint in Africa

Vitol has fully controlled Vivo Energy since 2022. The company operates more than 4,000 service stations across Africa. It markets the Shell brand outside South Africa and the Engen brand within the South African market.

The group continues to expand its storage and distribution infrastructure across the continent. It has invested in fuel depots in Uganda, Tanzania and Mozambique, while it is also developing projects in Côte d’Ivoire, Senegal and Morocco.

Durban plays a central role in this strategy. Bloomberg reported on April 14 that the Island View area serves as one of the country’s main petrochemical hubs. Vivo Energy and Vitol are increasing investments in this zone, where related energy infrastructure, including gas projects, is also under development.

This article was initially published in French by Abdel-Latif Boureima

Adapted in English by Ange J.A de Berry Quenum

 

On the same topic
WAF halts trading ahead of Burkina Faso stake increase decree State may raise Kiaka mine stake from 15% to 40% Move aligns with 2024 mining...
Cameroon LNG export revenue falls to CFA350.1 billion in 2025 Stable export volumes suggest decline driven by lower global prices LNG remains...
Heineken to sell Bralima stake to Mauritius-based ELNA Holdings ELNA takes over operations; Heineken retains brands via licensing Deal aligns with...
Angola seeks partners for Lobito refinery, retains at least 51% stake Project delayed; $4.8 billion financing gap remains Zambia...
Most Read
01

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
02

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

Nigeria, Nestlé sign MoU for dairy training center in Abuja Center to train farmers in breeding, ...

Nigeria, Nestlé partner to strengthen dairy sector skills
05

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.