The petroleum industry is one of the main engines of economic activity in South Africa


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The oil industry accounted for 3.2% of the country’s GDP in 2019, while creating a quarter of a million jobs, or 1.5% of total employment in South Africa, according to a study commissioned by the South African Petroleum Industry (Sapia).

JOHANNESBURG – The South African oil industry contributed R163 billion to the economy in 2019.

A study commissioned by the South African Petroleum Industry (Sapia) showed that the petroleum industry remains one of the main drivers of economic activity and job creation.

The oil industry accounted for 3.2% of the country’s GDP in 2019, while creating a quarter of a million jobs, or 1.5% of total employment in South Africa.

Although the data is limited to pre-pandemic COVID-19 times, it once again illustrated the interconnectivity of industry in the country.

The Sapia study focused on the primary and secondary petroleum industries from import, finished products, distribution and storage.

Claire Lawrie presented the findings in a briefing Monday: “And also in terms of investment, we often discuss in South Africa infrastructure and resuming reinvestment. It is an industry that has benefited from sustained investment in infrastructure and in the 2019 economy, the industry has contributed 94 billion rand of capital investment. “

The report also found that there was a 78% demand for gasoline and diesel in South Africa, with the transport sector needing 80% of the products.

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