Fin24

Minister: Reliance on foreign fuel rising

2012-06-12 14:06

Cape Town - South Africa's dependence on imported petrol, diesel and other liquid fuels is increasing, according to Energy Minister Dipuo Peters.

In a written reply to a parliamentary question, tabled on Tuesday, she said the country's refineries were not able to meet the demand for such products.

"The importation of petroleum products to South Africa is increasing annually. The country is a net importer and therefore relies on foreign refineries to meet local demand."

Local refineries were currently operating at 80 to 90% of their capacity.

"However, even if they were operating at optimal levels, they will still not be able to meet local demand for petroleum... which has exceeded domestic supply," Peters said.

According to a table included in the reply, the volume of imported petrol has increased from 2.09 billion litres in 2010, to 2.42 billion last year.

Diesel imports rose to 3.75 billion litres last year, from 2.57 billion litres the year before.

Liquified petroleum gas (LPG) imports rose from 3.75 million kilograms in 2010, to 19.67 million kilograms last year.

Peters said building a proposed new refinery at the Coega Industrial Development Zone in the Eastern Cape would reduce the country's dependence on imports.

"The development of the Mthombo Project, PetroSA's new oil refinery initiative, is aimed, among other things, to reduce reliance on foreign refineries, to meet local demand," she said.

Comments
  • alansmartSnr - 2012-06-12 17:00

    A new refinery.. sounds like a good idea but.. why do I get that funny smell of "the arms deal", mixed with "Celes buildings smell" as well as the combined mixture of "failed Hospitals, failed schooling" and a few others which I cant yet identify. Anyway.. time will tell.

  • alansmartSnr - 2012-06-12 17:00

    A new refinery.. sounds like a good idea but.. why do I get that funny smell of "the arms deal", mixed with "Celes buildings smell" as well as the combined mixture of "failed Hospitals, failed schooling" and a few others which I cant yet identify. Anyway.. time will tell.

  • alansmartSnr - 2012-06-12 17:01

    A new refinery.. sounds like a good idea but.. why do I get that funny smell of "the arms deal", mixed with "Celes buildings smell" as well as the combined mixture of "failed Hospitals, failed schooling" and a few others which I cant yet identify. Anyway.. time will tell.

  • Willem - 2012-06-12 18:03

    A new refinery is a brilliant idea! However, if it is to be operated by Petrosa - will it ever produce? Look what happened at Mossgas after Petrosa took over and learn. Rather have Caltex or Shell BP or Total run it - they have proved their capacity. But, of course, who am I to advise our government? They know it all, don't they?

  • Hugh - 2012-06-12 21:03

    amazingly a new refinery will mean and excuse to charge more for petrol despite the savings. The real truth be known is that the existing refineries are well past their 40 year sell by date but the petrol companies are loathed to invest in new infrsutructure as they do not like the hostile manner in which the ANC acts.

  • jacques.koorts - 2012-06-12 21:45

    someone is feeding her bulltwang stats.

  • jacques.koorts - 2012-06-12 21:45

    someone is feeding her bulltwang stats.

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