South Africa | Egypt Oil & Gas - Part 10
South Africa Benefits from Oil Price Drop with Statoil’s Help
South Africa’s trade deficit narrowed to $65m in September as lower oil prices curbed imports, according to the Pretoria-based South African Revenue Service, reported Bloomberg. The trade gap had been declining since ...
PetroSA CEO Under Investigation in South Africa
South Africa’s state oil company PetroSA said on Friday it had terminated its CEO’s contract, reported Reuters. Nosizwe Nokwe-Macamo, alongside two other executives, were placed on special leave to allow an inve...
DRC, SacOil, Total Get Extension for Block III License
Following application to the Ministry of Hydrocarbons of the Democratic Republic of Congo (DRC), the joint venture partners, with Total E&P RDC as operator, had the Block III license extended for an additional tw...
South Africa Expanding Commitment to Renewables
Italy’s renewable energy group Building Energy recently hosted South African minister of International Relations and Cooperation, Maite Nkoana-Mashabane, at the company’s headquarters in Milan, reported PV Magazine. N...
South Africa Looks to Iraq for Oil Security
South Africa’s Strategic Fuel Fund (SFF) is seeking to import 24 m barrels of oil a year from Iraq to boost its reserves, reported Reuters. “As part of security of supply, SFF applied for an allocation wit...
Chevron: South Africa Does Not Need a New Refinery
South Africa does not need another oil refinery because the slowing economy has curbed demand and the country has ample petrol production, said Shash Rabbipal, the new chairman at the local unit of Chevron, the second...
South Africa Faces Industrial Action in Electricity Sector
The legal team representing the South African Municipal Workers Union (Samwu) has notified City Power that its planned strike action will not commence on Monday October 19 as originally announced‚ reported BDLive. ...
1/3rd of South Africa’s Coal Miners Strike
South African coal miners began a strike after wage talks collapsed, disrupting the sector that produces the country’s electricity and exports coal to Europe and Asia, Reuters reported. The National Union of Min...
