South Africa | Egypt Oil & Gas - Part 12
Iran Utilizing Investments, Debts for Market Share Ambitions
“We will be raising our oil production at any cost and we have no other alternative,” said Oil Minister Bijan Namdar Zanganeh, reported Bloomberg. “If Iran’s oil production hike is not done promptly, we will be losing...
South Africa Boosting Local Petroleum Sector, Balancing Ghana Relations
There has been a flurry of petroleum actively recently in South Africa. There was a Business Seminar on opportunities in the petroleum industry retail sector organized by the country’s Department of Energy, repo...
South Africa Contemplating Petroleum Law Reforms to Facilitate Shale Boom
South Africa’s ruling African National Congress backed a plan to split legislation governing the oil and gas industry from mining laws, said Bloomberg, citing a document released by the ANC. The argument is that petro...
South African Power Problems Besot Eskom
South African power firm Eskom has been struggling lately due to problems associated with both its nuclear and coal investments. According to Reuters, Eskom will pay an estimated 200 m rand ($15.6 m) for the supply of...
SouthAfrican Refineries Wary of Iran Crude Imports
South Africa’s four crude oil refineries are holding off any resumption of imports from Iran, where sanctions are yet to unravel fully following a nuclear deal between Tehran and the West, operators said on Wedn...
New S.African Crude Blending Terminal to Supply Asia in 2017
Using the world’s first dedicated crude oil blending terminal, South Africa will by 2017 mix different grades of crude oil for export to refineries across Asia, enabling them to produce cleaner fuels more cheapl...
South African April Thermal Coal Exports Fall 5.5% To 5.7 million mt
South Africa exported 5.7 million mt of thermal coal during April, slipping 5.5% on the month to a 10-month low, due to lower shipments to most destinations, besides India, according to customs data Wednesday. However...
South Africa’s Stocks Fall and Petrochemicals Follow
South African stocks edged lower on Wednesday, led by petrochemicals firm Sasol as brent crude for July slipped when investors adjusted their positions ahead of a key meeting of OPEC oil producers. Shares in Sasol, wh...
