PetroSA, Botswana Oil ink cooperation deal
South Africa’s national oil company this week signed a cooperation agreement with State-owned oil company Botswana Oil to jointly explore upstream and downstream hydrocarbon opportunities and ensure security of petroleum supplies for their respective countries.
The deal, which would enable “greater synergies and preparedness”, would also see PetroSA assisting to enhance the capacity of its Botswana-based counterpart’s depot and terminal operations, international oil supply and trading operations, and oil installations and maintenance.
“The cooperation agreement was part of the strategy to forge strategic relationships with partners across Southern Africa and the world,” PetroSA group CEO Nosizwe Nokwe-Macamo said in a statement.
PetroSA has cooperation agreements with Mozambique’s PetroMoc, the Democratic Republic of Congo’s Cohydro Sarl, Italy’s ENI, and the Korea National Oil Corporation, besides others.
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