Late last week, an explosion at South Africa’s second largest refinery cast focus firmly on the East and South African refined products market. Engen’s 120,000 b/d Durban refinery is small by modern standards but combined with the ongoing outage at Astron Energy’s Cape Town plant (100,000 b/d), the nation’s product balances have moved more sharply into deficit.
Weekly tanker market report by Gibson Shipbrokers.
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