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South Africa's largest oil refinery announces force majeure

 Last Update: 2021-08-05
 Source: Internet
 Author: User

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Recently, affected by the continuous riots in South Africa, Sapref, the largest refiner in South Africa, announced force majeure
.

Saprev announced that the company is experiencing difficulties in the supply of all petroleum products
.

Sapref stated on July 13 that riots in South Africa caused traffic disturbances in KwaZulu Natal

Market participants worry that due to deteriorating public security, parts of South Africa may usher in an oil shortage
.

If South Africa’s refining capacity cannot be restored as soon as possible, South Africa’s dependence on imported fuels will increase, and it will even further push up international oil prices

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