SA's PetroSA signs MOU with Unipec

SA, PetroSA, signs, MOU, with, Unipec, China

South Africa's national oil company PetroSA Thursday said it signed a memorandum of understanding with China International United Petroleum & Chemical Corp., or Unipec, for the purchase and sale of crude oil and refined petroleum products.

"It allows for the two oil companies to identify areas of cooperation in the supply of crude oil, refined products and logistics," PetroSA said.

The deputy president of South Africa, Kgalema Motlanthe, is in China this week and signed the deal during the visit.

Unipec is a subsidiary of China Petroleum and Chemical Corp. (SNP), known as Sinopec.

"PetroSA has been given a mandate to secure South Africa's fuel supplies," PetroSA acting CEO Yekani Tenza said. "In order to meet this mandate and ensure that we grow into a leading African energy company, we must form partnerships with credible, successful companies. Unipec is one such company."

Hits: 2880

Ghana to import LNG from international market by 2013

Ghana, import, LNG, international, market, 2013, USTDA, Ghanaian energy, BOST, LNG, Africa

Ghana is said to be eyeing liquefied natural gas (LNG) imports from the international market by 2013 after launching a feasibility study into a floating storage and re-gasification unit (FSRU)

Hits: 3135

Read more ...

Nigerian local content rules rally oil companies into action

Nigerian, local content, rules, rally, oil companies, into, action, Shell, Total, ExxonMobil and Chevron

The shifting landscape of Nigeria’s oil and gas industry continues to throw up more opportunity for local contractors and suppliers, who are now being keenly supported by international players - under the watchful eye of the government

Hits: 3537

Read more ...

$30mn investment for Nosak distilleries

Royal Vopak, oil, storage, project in, Equatorial Guinea, Africa, Nosak, Toni Ogunbor, Calabar, Nosak

THE NIGERIAN ETHANOL producer Nosak Distilleries is investing $30mn to boost the domestic production of sorghum, corn, and sugarcane molasses to help expand its output and reduce operating costs by cutting the use of imported fuel

Hits: 3685

Read more ...

South Sudan 'seeks oil cash'

South Sudan, seeks oil cash, juba, oil ministry, africa

SOUTH SUDAN INTENDS to raise funds from international donors to develop infrastructure to boost its underdeveloped oil infrastructure as it works to finalise a draft petroleum law

Hits: 2666

Read more ...

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W:

twn Are you sure that you want to switch to desktop version?