Oct 23, 2012
PetroSA signs cooperation deal with DRC counterpartBack
DRC|Gas|Ghana|PetroSA|China|Democratic Republic Of Congo|DRC|Ghana|Korea|Mozambique|Energy|Oil|Oil And Gas|Oil And Gas Opportunities|Nosizwe Nokwe-Macamo
© Reuse this
South African national oil company (NOC) PetroSA has signed a pact with its counterpart in the Democratic Republic of Congo (DRC) to cooperate and jointly pursue oil and gas opportunities in that country.
PetroSA and Cohydro have set up a cooperation committee, consisting of members from both NOCs to facilitate the implementation of the agreement.
PetroSA CEO Nosizwe Nokwe-Macamo said in a statement on Tuesday the agreement represented a significant milestone. “PetroSA faces an exciting future and we are pursuing a number of growth initiatives. At the core of this is the establishment of strategic partnerships with NOCs located on the continent and internationally.”
In recent months, PetroSa has established relationships with Mozambique’s PetroMoc, China’s Sinopec and Korea’s NOC.
Its most recent deal also saw the company acquire minority interest in Ghana’s prolific Jubilee oil fields in September.
“The company is poised to grow into a leading integrated African energy company. This requires the nurturing of strategic partnerships that can assist PetroSA to achieve its aims across the value chain,” Nokwe-Macamo added.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Creamer Media Senior Researcher and Deputy Editor Online
Other Oil and Gas News
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
This Week's Magazine
The BMW Group will invest R6-billion at BMW Group South Africa’s (BMW SA’s) Rosslyn plant to produce the next-generation X3 sports-activity vehicle (SAV) for the local and export markets. Rosslyn will continue production of the current 3 Series through its lifecycle,...
The lack of consequences for poor performance and transgressions on the part of contractors remains a significant hurdle to tackling South Africa’s service delivery challenges, delegates heard at the Consulting Engineers South Africa Infrastructure Indaba, on...
City of Ekurhuleni executive mayor Mondli Gungubele earlier this month officially named the city’s bus rapid transit (BRT) system, Harambee.
About 58% of unstructured data stored by companies is dark data, which means that the value or regulatory importance of the data has not been determined. Subsequently, most of the stored data add costs, rather than increasing revenue or reduce regulatory risks, says...
Effective logistics, import/export and manufacturing consulting services require detailed industry knowledge and experience, but can add significant value to these industries by providing expert advice on various technical elements in their value chains, says...