25 January 2012 14:09 [Source: ICIS news]
LONDON (ICIS)--South African crude oil refinery SAPREF is expected to begin the process of restarting within the next few days, a company source said on Wednesday.
The 180,000 bbl/day refinery in Durban is believed to have been taken off line in late December because of a mechanical problem.
“The SAPREF crude oil refinery in Durban is in the final stages of its unplanned shutdown. SAPREF anticipates beginning the process of starting up the refinery within the next few days. This is a process that will extend over about a week,” the source said in an email.
A local base oil buyer said availability had tightened because of the outage, but that so far price increases had been resisted.
The approaching end of the tax year in South Africa, at the end of February, means many buyers are looking to run down their inventories and this has limited the volumes of material being sought.
SAPREF is 50:50 owned by majors Shell and BP.
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