South Africa-based Sasol and its partners in Mozambique have signed an agreement with Petroleos de Mocambique (Petromoc) to purchase condensate from the latter.
South African Petrochemicals Company Sasol Limited today released full results for the year ending in June 2015, lowering its dividend after weaker oil prices hit earnings.
A delegation from the Iranian Ministry of Petroleum will visit South Africa in Octubre to discuss improving mutual relations, Deputy Oil Minister in Petrochemicals Abbas Sheri Moqaddam.
According to Tansim News Agency, South Africa has formally announced its readiness to resume crude imports from Iran, once sanctions were fully lifted.
In the latest developments concerning the Eskom-Gelcore dispute in South Africa, power supplier Eskom announced on Wednesday that it now insists on compensation from Glencore's mining subsidiary Optimum