Cape Town, 24 May 2012 – In a bid to expand its national footprint, PetroSA, a South Africa’s National Oil Company (NOC), has purchased BP’s depot facilities in Bloemfontein and Tzaneen.
The sale of the two depots was finalised in November 2011. The Tzaneen depot is conveniently located to support both the local and the SADC markets. The acquisition is part of PetroSA’s entry into the downstream market, and will enable it to fulfil its mandate of maintaining South Africa’s fuel supplies.
Ms Nosizwe Nokwe, PetroSA’s Group CEO, said the purchases allowed PetroSA to extend its footprint beyond the Western Cape.
“PetroSA has the ambition of being the leading African energy company. This begins with firming up our foothold in South Africa and establishing our presence beyond the Western Cape. This acquisition is the beginning of an exciting period for PetroSA,” Ms Nokwe said.
PetroSA operates one of the largest Gas-To-Liquids (GTL) refineries in the world. Based in the Southern Cape coastal town of Mossel Bay, the GTL refinery has a capacity of 36 000 barrels-per-day.
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