In Focus | South Africa
State-owned PetroSA in death throes as national energy crisis persists

PetroSA has been fighting for survival since its Mossel Bay refinery shut in 2020. Its crisis has deepened in recent months, with a lack of funds preventing urgent maintenance work on high-risk infrastructure. Company documents seen by Africa Intelligence paint a grim picture of an almost bankrupt firm hobbled by inept management and an allegedly cavalier chairman, Nkululeko Poya. [...]
Reading time 7 minutes Clotilde Ravel
PetroSA interim chairman Nkululeko Poya, Energy and Mineral Resources Minister Gwede Mantashe and President Cyril Ramaphosa.
PetroSA interim chairman Nkululeko Poya, Energy and Mineral Resources Minister Gwede Mantashe and President Cyril Ramaphosa. © LinkedIn / Made Nagi/AFP / Childa Santrucek/Panther Media GmbH / Valentyn Volkov/Alamy / PetroSA
Read also

Spotlight | Ghana
PetroSA's case for TEN and Jubilee shares poisons relations between GNPC and energy ministry

The Ghanaian authorities are still refusing to approve a transaction authorising PetroSA to increase its stake in the offshore permit Deepwater Tano. GNPC seems to have taken sides with the South African firm, which has teamed up with the discreet local firm Bluestar Exploration for the transaction.

LogoSubscribers only Energy 13.06.2023

Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!