SunSirs: The Increase in South African Fuel Imports Poses a Risk of Supply Shortage

https://www.chemnet.com   Oct 18,2024 SunSirs

According to the South African engineering news website on October 14th, Transnet, the South African national transportation company, stated that South Africa's rapid transformation into a net importer of fuel has led to increased supply risks and the need to improve infrastructure for storing and transporting fuel. Due to the closure of multiple refineries, approximately 61% of South Africa's petroleum product supply will rely on imports in 2023, a much higher proportion than 22% four years ago. The increasing dependence on imports makes South Africa's fuel pipeline system vulnerable to disruptions and may lead to temporary fuel shortages. Transnet plans to invest in Durban Port by adding storage tanks, fuel import terminals, and jet fuel pipelines.

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