News

The South African Petroleum Industry Association today released its 2008 Annual Report. The report highlights the challenges, opportunities and general issues faced by its members at a time when the industry is striving to meet the rapidly growing demand for petroleum products.

The annual report provides details on a wide range of issues and their ramifications, including but not limited to:

• economic regulation and legislation;
• security of product supply;
• crime and security;
• environmental performance including fuel specifications for the future, energy efficiency and recycling;
• transformation progress; and
• corporate social investment.

The report also contains a ‘Facts and figures’ appendix which provides comprehensive statistical information on the industry. Included is the crude oil price movements; consumption of petroleum products; capacity of South African refineries; information on fuel taxes and price breakdowns; health, safety and environment performance indicators and an industry workforce profile.

SAPIA Executive Director Avhapfani Tshifularo comments: “This report provides a sincere outlook on the developments being made with respect to key issues facing the industry and forms part of an ongoing commitment to keep SAPIA’s stakeholders informed about our targets, achievements and challenges.”

The annual report is available at the SAPIA website for viewing or downloading, at www.sapia.co.za