Moz State petroleum group awarded $45m Sasol supply deal
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.
Comments
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation