All Caltex-branded service stations in South Africa and Botswana are to be rebranded Astron Energy.
Who owns (franchior) Caltex-branded service stations in SA?
Who owns (franchior) Engen service stations?
Is Southern Africa and Shell Refining SA (SAPREF) closing?
[Thread]
Who owns (franchior) Caltex-branded service stations in SA?
Who owns (franchior) Engen service stations?
Is Southern Africa and Shell Refining SA (SAPREF) closing?
[Thread]
1) Caltex-branded service stations
Astron Energy is South Africa's second largest petroleum network with over 850 Caltex-branded service stations in SA and Botswana.
Astron Energy is South Africa's second largest petroleum network with over 850 Caltex-branded service stations in SA and Botswana.
Astron Energy, a Glencore group company, is a leading supplier of petroleum products in Southern Africa, with a vast network of service stations and is the second-largest petroleum network in the region.
Why the name change?
The name change follows the 2018 majority acquisition of the former Chevron South Africa Pty (Ltd) by Glencore South Africa Oil Investments (Pty) Ltd, since which time Astron Energy has been operating the Caltex brand under a licence agreement for $973m.
The name change follows the 2018 majority acquisition of the former Chevron South Africa Pty (Ltd) by Glencore South Africa Oil Investments (Pty) Ltd, since which time Astron Energy has been operating the Caltex brand under a licence agreement for $973m.
The acquisition by Glencore included;
a 110,000 barrel per day refinery, a lubricants plant which is South Africa's which is South Africa's third-largest crude oil refinery in Cape Town, which has a daily nameplate crude and
820 petrol stations, and oil storage facilities.
a 110,000 barrel per day refinery, a lubricants plant which is South Africa's which is South Africa's third-largest crude oil refinery in Cape Town, which has a daily nameplate crude and
820 petrol stations, and oil storage facilities.
The rebrand will see 850+ retail sites (Caltex-branded service stations), the Cape Town refinery, the lubricants manufacturing plant in Durban, 15 terminals, 180 commercial and industrial sites, as well as corporate facilities will all be rebranded into Astron Energy.
2)Engen is 74% owned by Malaysia’s state-owned oil company Petronas and 26% owned by Phuthuma Nhleko's Phembani Group.
Engen’s core business is the refining of crude oil(135000 bpd capacity) and marketing and retailing of liquid fuel products through an extensive retail network.
Engen’s core business is the refining of crude oil(135000 bpd capacity) and marketing and retailing of liquid fuel products through an extensive retail network.
Southern Africa and Shell Refining South Africa (SAPREF) will commence with a spend freeze and pause refinery operations by no later than end of Mar 2022.
This will be for an indefinite period but with a restart possible in the future, including in the event of any future sale.
This will be for an indefinite period but with a restart possible in the future, including in the event of any future sale.
SAPREF is a joint venture between Shell Refining SA (50%) and BP Southern Africa (50%) and was commissioned in 1967.
SAPREF is the largest crude oil refinery in the country with 35% of South Africa's refining capacity and process 24 000 tons crude per day
SAPREF is the largest crude oil refinery in the country with 35% of South Africa's refining capacity and process 24 000 tons crude per day
SAPREF also manages the Single Buoy Mooring (SBM) on behalf of the SA petroleum industry.
Around 80 to 85% of SA crude oil imports come through the SBM, which is a national key point.
Around 80 to 85% of SA crude oil imports come through the SBM, which is a national key point.
Are their companies listed on the JSE that operate in service stations (fuel stations)?
Yes there are.
1) Afine Investments (owns 7 petrol service station properties Engen + Sasol).
See quoted tweet for more info
Yes there are.
1) Afine Investments (owns 7 petrol service station properties Engen + Sasol).
See quoted tweet for more info
https://twitter.com/MaanoMadima/status/1468884155157168130?t=bfKEp8w6CZgBQ3nQU1FrVw&s=19
2) The Fuel Company
See quoted tweet for more information again on The Fuel Company and info on operating a fuel station.
See quoted tweet for more information again on The Fuel Company and info on operating a fuel station.
https://twitter.com/MaanoMadima/status/1484108579841921024?t=bfKEp8w6CZgBQ3nQU1FrVw&s=19
On a point of correction, Sapref is South African Petroleum Refineries and not Southern Africa and Shell Refining SA as stated above.
Engen is converting its Durban refinery into a terminal.
The refinery-terminal conversion was expected to be commissioned in Q3 2023.
Engen is converting its Durban refinery into a terminal.
The refinery-terminal conversion was expected to be commissioned in Q3 2023.
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