Companies

South Africa’s Department of Energy to hold talks on deregulation of liquid fuels

Friday, 02 September 2016 13:45

(Ecofin Agency) - In South Africa, the Deputy Director-General of Petroleum and Petroleum product regulation, Tesliso Maqubela, has announced that the Department of Energy plans to initiate talks with the petroleum industry concerning the deregulation of liquid fuels.

According to him, this will allow the market to set prices which would attract investment in upgrading South Africa’s refinery capacity in order to ease the challenges around cleaner fuels.

This is in response to a statement from South African Petroleum Industry Association (Sapia)’s chairperson, Maurice Radebe, that without government incentives and cost recovery allowances for investment in making cleaner fuels, South Africa’s petroleum refining industry would end up like its textiles and steel industry.

Radebe said the importation of 50 parts per million (PPM) diesel and higher-octane petrol were growing as local refineries could not produce up to the required capacity.

He added that the introduction of cleaner fuels 2, which implies new lower-sulphur liquid fuels, would require an upgrade to the country’s refineries. South Africa’s six refineries had a total of 703,000 barrels a day capacity.

The cleaner fuels 2 programme was launched in 2009 to be executed in 2017, but presently nothing was moving forward.

Maqubela said the department is currently working on an integrated energy plan, which will soon be presented to the Parliament and would also present an outline for both imports and the local refining of liquid fuels.

The Director-General disclosed that a decision has to be arrived at as to the construction of a new refinery in the country.

We cannot have a resilient petroleum sector unless it is underpinned by a robust refining sector because SA is far from other production centres,” Maqubela told Business Day adding that it is not ideal to be wholly self-sufficient or entirely reliant on imports, but to have the facilities in place for both.

Anita Fatunji

 
Finance


 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

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

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.