https://www.engineeringnews.co.za

Moz State petroleum group awarded $45m Sasol supply deal

11th September 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

In a drive to promote local content in Mozambique, South African petrochemical group Sasol and its partners have entered into a $45-million agreement with Mozambique's State-owned petroleum products distributor Petroleos de Mocambique (Petromoc) to buy condensate from the central processing facility in Temane, in the Inhambane province.

“Promoting local content is key to ensuring that the oil and gas industry promotes in-county economic development.

“We have been focusing on identifying and sustaining Mozambican suppliers that can support and help develop our activities and participate meaningfully in the value chain of the growing hydrocarbon industry,” commented Sasol Exploration and Production International senior VP John Sichinga.

The group said in a statement on Friday that proposals received were evaluated independently in terms of a set of established criteria by the unincorporated joint venture partners in the Petroleum Production Agreement licence, namely Sasol, which held 70%, Companhia Mocambicana de Hidrocarbonetos (CMH), which held 25%, and the International Finance Corporation (IFC), which held a 5% stake.

“We intend to progress developing and growing Mozambican suppliers that can fulfil similar roles in our value chain,” noted Sichinga.
 
Petromoc CEO Fernando Uache added that the group would continue to be a “natural” partner for Petromoc.

“It was with Sasol that we set our first joint venture in the context of activities that constitute our core business. Today, to earn the trust of Sasol in a contract of this dimension, confirms the affinities of both companies and the role of complementarity that Petromoc can play for the upstream activities developed by Sasol in Mozambique,” he said.

Sasol’s first significant project in Mozambique saw it partnering with CMH and IFC to develop the Pande/Temane natural gas project over ten years ago, which saw the monetisation of the “stranded” Pande and Temane gasfields.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.113 0.165s - 170pq - 2rq
Subscribe Now