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Aerial view of a refinery
Chairperson of the newly formed South African National Petroleum Company (SANPC) Sipho Mkhize says they will approach the Transport Minister for a directive requesting access to leases for sites linked to refineries.
The merger of iGas, SFF, and PetroSA created SANPC, a stronger, unified entity to tackle South Africa’s energy needs. With combined expertise, we’re reducing import reliance, expanding local production, and securing stable fuel supplies. Follow us. @DMRE_ZA @GovernmentZA #SANPC pic.twitter.com/4AchNOKIWO
— South African National Petroleum Company (@_sanpc) November 1, 2024
He says the aim is to protect the company’s investments and to reduce dependency on international oil companies.
Mkhize says the SANPC will seek to convert the Single Bouy Moorings in liquid bulk handling in the Durban Brexit for greater flexibility.
Mkhize was speaking at the launch of SANPC in Sandton, Johannesburg, yesterday.
“SANPC will not just be another company, it will be a national asset. SANPC is the government’s vision for a modernized and impactful energy sector player. South Africa needs a very strong and agile energy company to respond to the energy challenges faced by the country as well as advancing the key components of the National Development Plan. We are laying the foundation for a national future energy champion that will be agile, efficient and that will be able to deliver long term value for all South Africans.”
