\u201cOne of the responsibilities of the department is to ensure the security of fuel supply in the country,\u201d Maake said.<\/p>\n\n\n\n
He added that the department holds regular coordination meetings with stakeholders across the fuel supply chain. These include oil companies, fuel wholesalers, industry associations, and logistics operators.<\/p>\n\n\n\n
\u201cWhat we do is we have a logistics planning team meeting that meets on Wednesday every week,\u201d he said.<\/p>\n\n\n\n
\u201cIn that meeting, that\u2019s where we develop a contingency plan because all the oil companies are represented there.\u201d<\/p>\n\n\n\n
Maake added that the meetings also include representatives from LP gas suppliers, the National Energy Regulator of South Africa, industry bodies such as the Diesel Association of South Africa and the Liquid Fuels Wholesalers Association, as well as Transnet pipelines.<\/p>\n\n\n\n
According to Maake, several fuel shipments are already on their way to South Africa to bolster supplies.<\/p>\n\n\n\n
\u201cAt the moment, I can tell you that we are expecting about six vessels that are coming from different parts of the world, India, West Africa, that are bringing products of different sorts to the country,\u201d he said.<\/p>\n\n\n\n
No need to panic \u2013 for now <\/h2>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/petrol-station-Shell-1024x576.jpg\")
<\/a><\/figure>\n\n\n\nHe noted that South Africa’s vulnerability to global oil prices is due to its reliance on imported fuel since the closure of several local refineries in recent years.<\/p>\n\n\n\n
This means the country must secure finished petroleum products from international suppliers.<\/p>\n\n\n\n
\u201cAs you know, our country has been in import mode since the closure of some of our oil refineries. Already there were placements of orders for vessels to bring products into the country,\u201d Maake said.<\/p>\n\n\n\n
While tensions in the Middle East have affected some supply routes, he said, oil companies have moved quickly to secure alternative sources.<\/p>\n\n\n\n
\u201cThe only disruption is some of those vessels that were coming from the country of origin in the Middle East, and those oil companies have already decided on alternative sources like West Africa and so on,\u201d he said.<\/p>\n\n\n\n
Despite the concerns raised by industry players about preparedness, Maake stressed that there is currently no reason for panic.<\/p>\n\n\n\n
\u201cSo I will say as far as we are concerned, there\u2019s no need to panic as far as fuel supply is at the moment,\u201d he said.<\/p>\n\n\n\n
He also highlighted the contribution of South Africa\u2019s remaining operational refineries, which continue to provide some local production capacity.<\/p>\n\n\n\n
\u201cWe know that Astron is on a plant shutdown and it\u2019s coming back next month. They\u2019ve secured the finished product that will come into the country during this period of shutdown, and they\u2019ve also shown that they\u2019ve got enough crude oil when the refinery comes back next month.\u201d<\/p>\n\n\n\n
Together with other facilities such as NATREF and Sasol\u2019s Secunda operations, Maake said domestic production remains an important part of the country\u2019s fuel supply mix.<\/p>\n\n\n\n
\u201cIf you have Astron, NATREF and Sasol Secunda combined, they give us a production of almost 360 million barrels per day,\u201d he said.<\/p>\n\n\n\n
Speaking at the Southern Africa Oil and Gas Conference, Mineral and Petroleum Resources Minister Gwede Mantashe said the country is in ongoing talks with suppliers to stabilise the domestic supply of oil.<\/p>\n\n\n\n
“These engagements are aimed at ensuring uninterrupted fuel availability in the domestic market, without immediately utilising the country’s strategic reserves,” he said.<\/p>\n\n\n\n
However, he added that while questions remain about potential fuel supply disruptions, the reality is that substantial fuel price increases are increasingly unavoidable in South Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Department of Mineral and Petroleum Resources has responded to concerns raised about whether South Africa could face potential fuel shortages next month. <\/p>\n","protected":false},"author":92,"featured_media":834005,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[853,25008],"class_list":["post-854008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-south-africa","tag-the-department-of-mineral-and-petroleum-resources"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/854008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=854008"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/854008\/revisions"}],"predecessor-version":[{"id":854249,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/854008\/revisions\/854249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/834005"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=854008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=854008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=854008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/a><\/figure>\n\n\n\nHe noted that South Africa’s vulnerability to global oil prices is due to its reliance on imported fuel since the closure of several local refineries in recent years.<\/p>\n\n\n\n
This means the country must secure finished petroleum products from international suppliers.<\/p>\n\n\n\n
\u201cAs you know, our country has been in import mode since the closure of some of our oil refineries. Already there were placements of orders for vessels to bring products into the country,\u201d Maake said.<\/p>\n\n\n\n
While tensions in the Middle East have affected some supply routes, he said, oil companies have moved quickly to secure alternative sources.<\/p>\n\n\n\n
\u201cThe only disruption is some of those vessels that were coming from the country of origin in the Middle East, and those oil companies have already decided on alternative sources like West Africa and so on,\u201d he said.<\/p>\n\n\n\n
Despite the concerns raised by industry players about preparedness, Maake stressed that there is currently no reason for panic.<\/p>\n\n\n\n
\u201cSo I will say as far as we are concerned, there\u2019s no need to panic as far as fuel supply is at the moment,\u201d he said.<\/p>\n\n\n\n
He also highlighted the contribution of South Africa\u2019s remaining operational refineries, which continue to provide some local production capacity.<\/p>\n\n\n\n
\u201cWe know that Astron is on a plant shutdown and it\u2019s coming back next month. They\u2019ve secured the finished product that will come into the country during this period of shutdown, and they\u2019ve also shown that they\u2019ve got enough crude oil when the refinery comes back next month.\u201d<\/p>\n\n\n\n
Together with other facilities such as NATREF and Sasol\u2019s Secunda operations, Maake said domestic production remains an important part of the country\u2019s fuel supply mix.<\/p>\n\n\n\n
\u201cIf you have Astron, NATREF and Sasol Secunda combined, they give us a production of almost 360 million barrels per day,\u201d he said.<\/p>\n\n\n\n
Speaking at the Southern Africa Oil and Gas Conference, Mineral and Petroleum Resources Minister Gwede Mantashe said the country is in ongoing talks with suppliers to stabilise the domestic supply of oil.<\/p>\n\n\n\n
“These engagements are aimed at ensuring uninterrupted fuel availability in the domestic market, without immediately utilising the country’s strategic reserves,” he said.<\/p>\n\n\n\n
However, he added that while questions remain about potential fuel supply disruptions, the reality is that substantial fuel price increases are increasingly unavoidable in South Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Department of Mineral and Petroleum Resources has responded to concerns raised about whether South Africa could face potential fuel shortages next month. <\/p>\n","protected":false},"author":92,"featured_media":834005,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[853,25008],"class_list":["post-854008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-south-africa","tag-the-department-of-mineral-and-petroleum-resources"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/854008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=854008"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/854008\/revisions"}],"predecessor-version":[{"id":854249,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/854008\/revisions\/854249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/834005"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=854008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=854008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=854008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}