Find Oil and Gas expertise in South Africa
South Africa had proven oil reserves of 15 million barrels in January 2008; however, almost 70% of South Africa’s total crude oil consumption is imported. The major suppliers of oil to South Africa are Iran and Saudi Arabia. Most of South Africa’s oil reserves are off the west coast, in the Bredasdorp Basin. South Africa has the second greatest refining capacity in Africa, with only Egypt surpassing it. It also has a highly developed synthetic fuels industry, with Sasol and the state-owned PetroSA being the major players. The Western Cape has the largest commercial natural-gas-to-liquids plant in the world in Mossel Bay and is managed by PetroSA. The world’s only coal-to-liquids synthetic fuels facility is owned by Sasol, which produces 36% of the liquid fuels consumed in South Africa.