Petronas has announced that it has started talks on selling its 80 per cent stake in South African fuel retailer Engen Petroleum Limited
South African state-owned oil company PetroSA is said to be considering purchasing the share, according sources close to the deal.
Private equity firm Pembani Group Limited owns the remaining 20 per cent of the Cape Town-based petroleum firm.
Engen Petroleum Limited’s refiner has a capacity of 135,000 bpd, according to the company.
Malaysian state-owned oil and gas company Petronas bought the South African company in 1998 and sold a minority stake to Johannesburg-based Pembani Group.
