Refers to the final stage in the oil and gas industry, encompassing the refining of crude oil, processing of natural gas, and distribution of finished products such as gasoline, diesel, jet fuel, and petrochemicals to end-users, retailers, and markets.
Operate sustainably and independently while pursuing legally compliant business opportunities.
Secure national energy to support economic growth.”
Support South Africa’s just energy transition
Ensure national energy security to support economic development and growth.
DOWNSTREAM
The potential for organic growth in the downstream segment is constrained by stagnant growth in consumption and a relatively penetrated market.
In refining potential, a global trend of small to mid-size refineries shutting down or being converted to storage is observed, driven by market disruptions and growing competition. This trend can be further observed at PetroSA, with PetroSA’s refinery not being viable under current conditions.
In ensuring adequate supply within the downstream segment, SA NPC will need to consolidate current positions and repurpose assets to ensure commerciality.