Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


South Africa keen to replace Iranian crude with Nigerian

24 May 2012, 07:20

 Cape Town - South Africa is looking to source more oil from Nigeria, its deputy president said on Wednesday, suggesting Pretoria is moving to cut crude imports from Iran to avoid looming U.S. sanctions.

Africa's biggest economy imports a quarter of its crude from Iran, but has come under Western pressure to cut the shipments as part of sanctions designed to halt Tehran's suspected pursuit of nuclear weapons.

After several months of confusing and conflicting messages from the diplomatically non-aligned Pretoria, Deputy President Kgalema Motlanthe gave the clearest sign yet that South Africa is shopping around for alternative suppliers.

"We would guarantee going forward, to our Nigerian brothers, demand for their liquid fuels because we don't want to source our fuel in areas that are likely to be unstable," he told reporters during a briefing with Nigerian Vice President Namadi Sambo in Cape Town.

"We are quite confident that Nigeria will become one of South Africa's trusted suppliers of liquid fuel."

South Africa took 615,834 tonnes of Nigerian crude in March, more than four times the same month last year and more than the 505,908 tonnes it bought from Iran, according to customs data.

Some South African refineries are designed to treat Iranian-type crude only, and analysts say refiners will be hard-pressed to replace those supplies with other products.

Any disruption to crude imports could hit fuel supplies in South Africa, which has suffered shortages in the last year because of strikes and refinery problems.

An energy ministry official said last week that South Africa was holding almost daily talks with the United States, European Union and Iran about reducing its purchases and was "confident" a deal can be struck to avert sanctions.

Refiners in South Africa include Shell, BP, Total, Chevron, petrochemicals group Sasol , and Engen, majority-owned by Malaysian state oil group Petronas.

BP, Chevron, Sasol and Engen said earlier this year that they have either stopped or were not sourcing any Iranian crude. Trade data from March showed, however, that imports of Iranian crude had gone up from the previous month.

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...