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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. [...]
Reading time 4 minutes Clotilde Ravel
Energy

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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.

LogoSubscribers only Energy, Politics 12.06.2023
PetroSA interim chairman Nkululeko Poya, Energy and Mineral Resources Minister Gwede Mantashe and President Cyril Ramaphosa.

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