Shell Refinery in Durban Closed

The Shell refinery in Durban has been closed since the end of March 2022, marking a significant shift in the company's operations within South Africa. This closure is part of a broader strategy by Shell to exit the South African downstream market, which encompasses refining, transportation, and retail services. The decision to close the refinery reflects ongoing challenges in the oil industry, including fluctuating demand, regulatory pressures, and the need for companies to adapt to changing market conditions. The closure of the Durban refinery has implications for local employment, as it was a significant source of jobs in the region, and for the supply of refined petroleum products in South Africa. The refinery's shutdown may lead to increased reliance on imports to meet the country's fuel needs, potentially affecting fuel prices and availability in the local market. Furthermore, the future of Shell's gas stations in South Africa remains uncertain, as the company has not disclosed its plans for these assets following its exit from the downstream sector.