SA, Angola 'close to signing oil deal'

Friday, October 15, 2010

SA and Angola are close to signing an oil deal that could see South African national oil company PetroSA enter exploration and refining operations in Angola, according to Angolan daily Jornal de Angola.

PetroSA is in negotiations with Angola's parastatal oil firm, Sonangol, to enter into crude production, deep-water exploration and refinery operations in Angola, Energy Minister Dipuo Peters said on Tuesday.

A deal with Angola will ensure crude supply for PetroSA, which is tasked with ensuring the security of supply of liquid fuels.

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SA, Angola 'close to signing oil deal'

SA and Angola are close to signing an oil deal that could see South African national oil company PetroSA enter exploration and refining operations in Angola, according to Angolan daily Jornal de Angola.

BNSC powerless as fights escalate

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