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

• Monday, 13th March 2017
• by

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
• by Egypt Oil & Gas

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
• by Egypt Oil & Gas

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
• by Egypt Oil & Gas

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.