Operating under contract with Sasol, PetroSA and Total South Africa, Brent Oil is a registered non-refining petroleum wholesaler focusing on the commercial market nationally. In the 2010 financial year it exceeded R1.5 billion in turnover and continues to grow its retail market share through branding new and non-branded service station sites. Commercial clients encompass a range of companies in the transport, logistics, construction, agriculture, mining, fuel distribution and retail sectors.
The service needs of our clients have required us to commit capital to infrastructure such as tankers and depots in the various provinces. There now are depots in Gauteng, Mpumalanga, Northern Cape, Western Cape, North West, Limpopo and the Eastern Cape. In addition, a fleet of 25 tankers are employed to ensure optimum delivery of fuel.
eFuel is now available to Brent Oil service stations.
Brent Oil to open on exclusive new Crossways Farm Village
Soon a brand new pylon will be erected at the entrance to Brent Oil N4.
Potentially, South Africa stands to benefit from one of the most significant natural gas finds in the world in the past 10 years off the Mozambique coast. US oil and gas exploration firm Anadarko Petroleum announced its discovery of two high-quality systems recently, expanding the estimated recoverable resource to as much as 30 trillion cubic feet of natural gas.
Maersk Oil has struck oil with its first pre-salt well in Angola.
The fuel subsidy protests in Nigeria aren't just about being unable to afford fuel. People have had enough of wasteful and corrupt leadership. A fuel price increase - and the associated increase in the price of commodities - has sparked nationwide protests, driven largely by young people mobilising themselves via social media, mobile phones and word-of-mouth. Nigeria is a crude-oil producing and exporting country in which 70% of the population survives on less than $2 a day. These citizens consume more petrol than is necessary because Nigeria has consistently failed to produce enough electricity for its 150 million citizens, leaving much of the population dependent on petrol-guzzling Chinese generators to keep the lights on.
Boffins at Rutherford Appleton Laboratory near Oxford have invented an 'artificial' petrol, which costs just 90 pence per gallon and could run in existing cars. Motorists could even be able to drive for 300 to 400 miles before needing to fill up. The breakthrough comes as average UK fuel prices have hit a record high. The new hydrogen-based fuel produces no greenhouse gases and could be available in as little as three years.
Equatorial Guinea has agreed to supply Swaziland with crude oil. But the product will only reach the landlocked kingdom after transport and refinement into finished petroleum products in South Africa. Government subsidies have kept Swaziland's petrol prices lower than in South Africa. This changed when the subsidies were scaled back last year in the wake of the government's financial crisis.
