South Africa cabinet approves merger
Published by Callum O'Reilly,
South Africa’s cabinet recently approved a move to merge three of the country’s state-owned oil and gas firms to form a single national oil company.
Reuters reports that PetroSA, iGas and the Strategic Fuel Fund (SFF) will be merged to form the National Oil Company.
South Africa’s President Cyril Ramaphosa has previously pledged to fix the country’s state-owned enterprises (SOEs), which are a major drain on the country’s public finances.
Read the article online at: https://www.hydrocarbonengineering.com/refining/15062020/south-africa-cabinet-approves-merger/
You might also like
Technip Energies inks cooperation agreement with Congo’s Ministry of Hydrocarbons
Congo’s Ministry of Hydrocarbons has signed a cooperation agreement with Technip Energies that will see the parties expand cooperation in the fields of offshore and onshore energy developments.