SA refineries could be obsolete within two years, petroleum industry warns

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Refineries need to be upgraded to meet new requirements for use of ultra-low sulphur petrol and diesel products.
Refineries need to be upgraded to meet new requirements for use of ultra-low sulphur petrol and diesel products.
Philipp Walter / Getty Images

The petroleum industry does not have enough time to upgrade its refineries to meet new regulations within the next two years, and this could render them obsolete, forcing the country to rely on imported refined products, an industry body has warned.

The South African Petroleum Industry Association (Sapia) on Monday published research commissioned from FTI Consulting, which highlights economic losses the industry will incur if it cannot comply with the new rules.

Sapia's members include domestic operations for oil companies BP, Total and Shell, as well as state-owned PetroSA.

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