The petroleum industry is broadly split into upstream and downstream petroleum sectors. The upstream sector refers to exploration and production of crude oil while downstream refers to refining of crude oil and the distribution and sale of petroleum products.
In 2011, consumption of petroleum products in SA was 3,440 ML. Total throughput at petroleum terminals was 2,928 ML. The DEC of petroleum terminals was $40 million.
The Audit projects an increase in throughput of 1.4 per cent per year in SA. This equates to throughput of 3,851 ML per year by 2031 - an increase of 923 ML per year. This is projected to result in a growth in DEC of $13 million.