36.36%
Interest in the refinery owned by Prax
Natref Refinery
Situated approximately 80 kilometres south of Johannesburg in Sasolburg, National Petroleum Refiners of South Africa (Natref) Refinery is South Africa’s only inland crude oil refinery.
Situated approximately 80 kilometres south of Johannesburg in Sasolburg, National Petroleum Refiners of South Africa (Natref) Refinery is South Africa’s only inland crude oil refinery.
108,500
Barrels of oil produced per day
Overview
In 2024, we acquired a 36.36% interest in Natref Refinery, as part of a joint venture with Sasol, who own the remaining 63.64%. The acquisition also included a terminal and a commercial and retail network in Botswana; a minority interest in a Single Buoy Mooring facility offshore of Durban; and a percentage holding in a crude storage facility in Durban.
Commissioned in 1971, the refinery benefits from close access to inland demand in Gautheng (the most industrialised and highest GDP area of South Africa). Our intention is that Natref will serve as a focal point for our expansion into Southern Africa, with further investment and a regional hub built around this key asset.
Our acquisition of an interest in Natref Refinery
marks a significant milestone for our company.
Our acquisition of an interest in Natref Refinery
marks a significant milestone for our company.
Facts at a glance
Natref is a technologically advanced refinery, highly efficient in refining heavy crude oil and boasting strong operational performance
36.36
The Prax Group has a 36.36% interest in Natref, as part of a joint venture with Sasol.
80
The refinery is situated in South Africa, 80 kilometres south of Johannesburg.
108,500
The refinery produces 108,500 barrels of oil per day.
1971
