The Charter for the South African Petroleum and Liquid Fuels Industry is also known as the Liquid Fuels Charter (LFC). The Charter aims to provide a framework for progressing the empowerment of historically disadvantaged South Africans in the Liquid Fuels Industry. The Liquid Fuels Charter was signed in 2000 by the industry. It is annexed to the Petroleum Products Amendment Act (Act No 58 of 2003).
It aims to ensure the sustainable presence, ownership, and control of historically disadvantaged South Africans across the industry value chain. The Charter has since increased understanding and cooperation between established industry players and HDSA companies. In line with the Charter, organised industry and government work together in addressing the skills gap in the petroleum industry.
Participants in the industry therefore subscribe to and adopt supportive procurement policies to facilitate and leverage the growth of HDSA companies. Such policies include criteria that favour HDSA companies, all else being equal.
Government’s regulatory framework and industry agreements strive to facilitate the objectives of this Charter. Government undertakes to deal with state assets in a manner that promotes the objectives of the White Paper on Energy Policy and the Charter. The Department therefore responsibly conducts annual surveys of the industry to evaluate progress in achieving the objectives of the White Paper.
The Charter for the South African Petroleum and Liquid Fuels Industry Applies to…
The Charter applies to the privately owned parts of the industry, and to all parts of the value chain, inter alia:
- Exploration and production of Oil;
- Liquid fuels pipelines; Single Buoy Mooring’s; depots and storage tanks;
- Oil refining and synthetic fuel manufacturing plants, including lubricants;
- Transport, including road haulage and coastal shipping; and
- Trading, including import and export v Wholesale and retail assets/infrastructure.
To access the Charter for the South African Petroleum and Liquid Fuels Industry use the provided link – https://www.energy.gov.za/files/esources/petroleum/energy_liquid_charter.pdf
For more clarity on the Charter – Contact Us