bp PLC’s bp Southern Africa (bpSA) and Shell PLC subsidiary Shell Downstream South Africa (SDSA) have found a buyer for their 50-50 joint venture South African Petroleum Refineries (Pty.) Ltd.’s (SAPREF) previously idled 180,000-b/d refinery in Durban, KwaZulu-Natal Province, South Africa. As part of a sales purchase agreement concluded in late-May 2024, Central Energy Fund SOC Ltd. (CEF)—the state-owned company responsible for ensuring South Africa’s energy security supply under the Department of Mineral Resources and Energy (DMRE)—has agreed to buy bpSA and SDSA’s respective 50% ownership interests in SAPREF land and other associated assets, including the mothballed refining operations, DMRE and bpSA said in separate releases.
