Bitumen price in South Africa
The bitumen price in South Africa depends on the following items in this article. To become familiar with the oil and petrochemical market of South Africa,
we suggest you read this article.
Oil and bitumen market in South Africa
The oil industry in South Africa divides into upstream and downstream industries.Upstream industries deal with the discovery and production of crude oil,
and the downstream industry deals with refining,
transportation and the market and final oil products.
As a matter of fact, South Africa has no reserves of crude oil and,
crude oil production, that’s why the companies import more than 60% of its crude oil from the Middle East and Africa. It’s important to know that most of the final petroleum products
used in South Africa are gasoline, diesel, jet fuel, light paraffin, kerosene, bitumen 80/100, bitumen 60/70, MC grades and liquefied petroleum gas.
Needless to mention that Gasoline and diesel are the most important petroleum products in South Africa’s market. To be more specific, there are six refineries
in South Africa for the production of final oil and gas products, including Chevref, Enref, Sapref, Natref (four crude refineries), Sasol (coal and gas refining), and Petrosa.
Oil and bitumen price in South Africa
Respectively, the government only controls wholesalers and prices. In fact, fuel prices in South Africa
are according to the import price formula. This means that oil is dependant to supply and demand in the international market
and international prices.
It’s worth mentioning that they transport petroleum products by pipeline, rail,
sea and road to refineries and about 200 warehouses, 4,600 stations and 100,000 direct consumers, mostly farmers. This also affects the prices in South Africa.
Wholesale of petroleum products in South Africa:
BP South Africa, Chevron South Africa, Engen Petroleum, PetroSA,
Sasol Oil Company, Shell South Africa and Total South Africa are the main players in the distribution of South African oil products.
They operate storage terminals and distribution facilities throughout the country. In addition, there are a limited number of non-refinery wholesalers
in South Africa that distribute gasoline and diesel in South Africa.
The Republic of South Africa, with a gross national product of $ 742.461 billion in 2017,
an annual budget of $ 100 billion and a per capita income of $ 13591,
is the largest and most powerful country on the African continent. Therefore, it is one of the richest countries in the world.
To sum up, South Africa is also one of the most industrialized countries in the world, and modern agriculture,
heavy industry, and the manufacture of various machines have made it one of the unique countries of the African continent. South Africa’s industry has grown significantly
over the past two decades, with rail and train production, mining equipment and machinery, and combined fuel production;
they are one of the most prominent specialized departments of the country’s industries in the world.