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South Africa
Oil minister stonewalls MPs when quizzed about Russian bank's role in TotalEnergies exit

When a South African parliamentary committee tried to probe suspected links between Gazprombank and the French major's withdrawal from offshore Block 11B/12B, Gwede Mantashe was far from forthcoming. [...]

Published on 08/10/2024 at 04:40 GMT Reading time 2 minutes

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Energy

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South Africa
Andreï Akimov
Democratic Alliance
Gazprombank
Gwede Mantashe
James Lorimer
PetroSA
TotalEnergies

Spotlight | South Africa
South Africa, spurned by US, cosies up to France

South Africa's foreign minister was in Paris last week and its deputy president and several other government ministers are due there this week. The flurry of visits illustrates Pretoria's growing links with Paris as its relations with the United States go from bad to worse.

Subscribers only Diplomacy 19.05.2025

South African President Cyril Ramaphosa (left) and Deputy President Paul Mashatile in Cape Town, South Africa in June 2024.

South Africa
Sesakho Magadla's return as PetroSA boss dismays employees

Magadla's appointment as PetroSA acting CEO has sparked concern within the country's national oil company. Managers reproach her over failed negotiations with TotalEnergies and for signing controversial contracts when head of operations for the group.

Subscribers only Energy 12.03.2025

South Africa
Inspired by Nigeria's Dangote, Pretoria dreams of its own mega refinery

South Africa is considering building a new oil refinery to reduce its dependence on fuel imports, yet the colossal cost may make it an unlikely option.

Subscribers only Energy 25.02.2025

Nigerian President Muhammadu Buhari (in blue), Aliko Dangote (on his right) and Togolese President Faure Gnassingbé (on his left) in Lagos, 22 May 2023.

South Africa
Refining sector plunges into the red

Following the fire at the Natref Refinery on 4 January, only two sites in the country are still producing gasoline, which is far from enough to meet domestic demand.

Subscribers only Energy 04.02.2025

South Africa
PetroSA's collaboration with Gazprombank on Mossel Bay refinery up in air

The South African national oil company looks like it will not after all be calling on Russia's Gazprombank - recently placed under US sanctions - to get the Mossel Bay gas-to-liquids refinery back up and running.

Subscribers only Energy 05.12.2024

South Africa
TotalEnergies awaits approval to exit South African blocks

When the French major TotalEnergies announced its withdrawal from blocks 11B/12B and 5/6/7 on 29 July, it knew it would have to be patient.

Subscribers only Energy 28.11.2024

South Africa
How petroleum minister ignored warnings over launch of new state oil firm

Two consultancy firms warned of major flaws in South Africa's draft law on the creation of a state oil company, and even questioned its legitimacy. The ministry of petroleum resources has ignored their caveats.

Subscribers only Energy 05.11.2024

Gwede Mantashe during his swearing in as South African Minister of Mineral Resources, in a South African Parliament sitting on 3 July 2024, in Cape Town.

South Africa
Ex-Transnet execs monopolise management jobs at PetroSA

Many executives who once worked for the rail and port operator have in recent years joined the South African state-owned oil company PetroSA, a trend apparently encouraged by its ex-chairman, Nkululeko Poya.

Subscribers only Energy 28.10.2024

South Africa
Ramaphosa sits on petroleum law despite impatient investors walking

South Africa's future Upstream Petroleum Resources Development Bill, approved by parliament in April, is still awaiting the signature of President Cyril Ramaphosa.

Subscribers only Energy 21.10.2024

South Africa
Washington in talks with Pretoria over uranium procurement

Officials from Pretoria's Department of Energy have begun informal talks with diplomats at the US embassy. The discussions could lead to a long-term contract for the sale of South African uranium to Washington.

Subscribers only Mining, Commodity traders 14.10.2024

Spotlight | Africa
Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

The US Office of Foreign Assets Control is investigating several trading firms suspected of selling Russian oil at a price above a cap set by the United States and its allies. They include Demex Trading and Coral Energy, which are particularly involved in Africa.

Subscribers only Energy 14.10.2024

An oil terminal in the Black Sea port of Novorossiisk, Russia, May 2018.

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South Africa
Andreï Akimov
Democratic Alliance
Gazprombank
Gwede Mantashe
James Lorimer
PetroSA
TotalEnergies

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South Africa
Oil minister stonewalls MPs when quizzed about Russian bank's role in TotalEnergies exit

This article may be accessed by subscribers

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Set up email notifications for these topics

Spotlight | South Africa
South Africa, spurned by US, cosies up to France

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Sesakho Magadla's return as PetroSA boss dismays employees

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Indigo Publications' websites

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South Africa Oil minister stonewalls MPs when quizzed about Russian bank's role in TotalEnergies exit

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Set up email notifications for these topics

Spotlight | South Africa South Africa, spurned by US, cosies up to France

South Africa Sesakho Magadla's return as PetroSA boss dismays employees

South Africa Inspired by Nigeria's Dangote, Pretoria dreams of its own mega refinery

South Africa Refining sector plunges into the red

South Africa PetroSA's collaboration with Gazprombank on Mossel Bay refinery up in air

South Africa TotalEnergies awaits approval to exit South African blocks

South Africa How petroleum minister ignored warnings over launch of new state oil firm

South Africa Ex-Transnet execs monopolise management jobs at PetroSA

South Africa Ramaphosa sits on petroleum law despite impatient investors walking

South Africa Washington in talks with Pretoria over uranium procurement

Spotlight | Africa Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

South Africa Lundin Group says its goodbyes to Africa

South Africa Jefferies, JP Morgan and Barclays threaten to cut off PetroSA's funding over Gazprombank deal

Inner circles | South Africa Nkululeko Poya seeks to take control of faltering PetroSA

Spotlight | South Africa Offshore gas: TotalEnergies' project caught in South Africa government headwinds

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Namibia
Namibia oil utopia hangs on TotalEnergies' final investment decision

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

South Africa
Oil minister stonewalls MPs when quizzed about Russian bank's role in TotalEnergies exit

Spotlight | South Africa
South Africa, spurned by US, cosies up to France

South Africa
Sesakho Magadla's return as PetroSA boss dismays employees

South Africa
Inspired by Nigeria's Dangote, Pretoria dreams of its own mega refinery

South Africa
Refining sector plunges into the red

South Africa
PetroSA's collaboration with Gazprombank on Mossel Bay refinery up in air

South Africa
TotalEnergies awaits approval to exit South African blocks

South Africa
How petroleum minister ignored warnings over launch of new state oil firm

South Africa
Ex-Transnet execs monopolise management jobs at PetroSA

South Africa
Ramaphosa sits on petroleum law despite impatient investors walking

South Africa
Washington in talks with Pretoria over uranium procurement

Spotlight | Africa
Dubai traders Coral Energy and Demex in Washington's sights over sale of Russian oil

South Africa
Lundin Group says its goodbyes to Africa

South Africa
Jefferies, JP Morgan and Barclays threaten to cut off PetroSA's funding over Gazprombank deal

Inner circles | South Africa
Nkululeko Poya seeks to take control of faltering PetroSA

Spotlight | South Africa
Offshore gas: TotalEnergies' project caught in South Africa government headwinds