This decision comes shortly after the company signed a new 15-year lease with the Transnet National Port Authority. It has had a presence at IVT since 1956, just two years after it started its operations in South Africa.
The supply of products from Total South Africa's blending plant and fuel storage depot will not be interrupted while the upgrade and expansion takes place during 2013 and 2014. Neither of the facilities will be shut down and lubricant stock will be built up at a separate distribution facility outside Durban to ensure that there are no product shortages.
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