South Africa Launches Oil Giant to Revive Energy Sector ...Middle East

South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned oil enterprise designed to consolidate and energize the country’s long-stalled hydrocarbons sector. Formed from the merger of PetroSA, iGas, and the Strategic Fuel Fund, SANPC will operate under the Central Energy Fund and is already integrating staff and assets to streamline operations. The aim? Reducing oil imports, bolstering energy security, and tapping into over R95 billion in potential investment. The move comes just months after…

Hence then, the article about south africa launches oil giant to revive energy sector was published today ( Friday 23/05/2025 - 07:37 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( South Africa Launches Oil Giant to Revive Energy Sector )

Also on site :

• TIER IV forms capital and business alliance with JR Central to support regional development through rail and autonomous driving integration
• Kanazawa University research: High-speed AFM imaging reveals how brain enzyme forms dodecameric ring structure
• CGTN: Why China's anti-corruption drive never stops