SA’s DTI heads to Moz to promote oil and gas sector
The Department of Trade and Industry (DTI) is heading to Pemba, in Mozambique, to promote South Africa’s oil and gas industry and attract trade and investment.
The DTI explained in a statement that the outward investment mission, from February 24 to 28, aimed to endorse South Africa’s servicing capabilities for the oil and gas industry, while promoting the Saldanha Bay industrial development zone (IDZ) as an oil and gas servicing hub.
DTI director-general Lionel October said it was an “essential and opportune time” to develop business relations with Mozambican oil and gas industry counterparts and authorities, as the neighbouring country was “reaching out” to the international community to partner in the development of its upstream and midstream oil and gas sector.
While the mission would unveil an “enormous opportunity” for exploration in the coastal and offshore areas on either side of the Mozambique channel, it would also make an “ideal platform” to showcase Saldanha Bay IDZ’s ability to service, maintain, repair and supply the increasing number of oil rigs requiring maintenance on the West and East Coast of Africa.
The DTI’s launch of the Saldanha Bay IDZ in October last year signalled a new era for the development of an oil and gas servicing and repair hub in the Western Cape.
The newly established IDZ was strategically located to serve oil and gas vessels operating along the African coastline, as well as provide an opportunity for components manufacturing in support of the oil and gas industry.
The programme for the mission included business-to-business meetings, discussions with industry experts and business site visits to various Mozambican oil and gas companies.
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