TotalEnergies signs agreement to divest minority stake in Natref refinery
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
Located at Sasolburg (Free State, South Africa), Natref refinery has a capacity of 108 500 bpd of oil, supplies the main South African inland market of Johannesburg area and is operated by a joint venture (JV) between Sasol (63.64%) and TotalEnergies Marketing South Africa (36.36%).
“The transaction is in line with the company's strategy to focus on its large integrated fuels and petrochemicals platforms and to divest its non-core assets,” commented Jean-Pierre Sbraire, Chief Financial Officer of TotalEnergies.
TotalEnergies has been present in South Africa for nearly 70 years, produces and markets a wide range of energies from fuels, biofuels, natural gas and green gases, renewables and electricity and remains committed to its operations in the country.
Read the article online at: https://www.hydrocarbonengineering.com/refining/01122023/totalenergies-signs-agreement-to-divest-minority-stake-in-natref-refinery/
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