SacOil

Sacoil Buys 71% Stake in South Africa’s Afric Oil Group

Monday, 13th March 2017

The stake is controlled indirectly and was secured by the acquisition of Phembani Oil, one of the largest independent fuel distributors in South Africa.
SacOil Settled Nigdel Dispute

Thursday, 13th October 2016

SacOil has entered into a settlement agreement, with Nigdel United Oil Company Ltd, relating to the SacOil's legacy involvement in Oil Prospecting License (OPL) 233 in Nigeria.
South African Investors Compete over Mozambican Gas Pipelines

Sunday, 6th March 2016

South African investors seek to construct two gas pipelines for the transportation of Mozambican gas to the country.
DRC, SacOil, Total Get Extension for Block III License

Sunday, 25th October 2015

Joint venture partners Total E&P RDC as operator had the Block III license extended for an additional two years in Democratic Republic of Congo. SacOil holds a 12.5% effective interest.

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Last Modified February 25, 2021