BP SA to spend $1 billion in South Africa on upgrades and retail activities
BP South Africa will be investing $1 billion in SA over the next five years.
BP Southern Africa (BPSA) Chief Executive Priscillah Mabelane said that quarter of their $1 billion investment in South Africa will go to upgrading the SAPREF refinery to produce lower sulphur diesel.
In an interview with Reuters, Priscillah said that BP would be investing between R3.5 billion and R4 billion in SAPREF refinery, a venture between Royal Dutch Shell and BPSA, and that 40 percent would go on retail activities.
She said the upgrade would make “sure the refinery can meet the new specifications in terms of low sulphur and Marpol regulations.”
The plant will be closed for maintenance from May to June 2019 to ensure that it adheres to new rules requiring lower sulphur content and meets customer preferences for cleaner diesel.