PetroSA, GE to Explore Commercial Opportunities in S. Africa
PetroSA, South Africa’s state-owned oil and gas producer, signed an agreement with General Electric Co. (GE) to explore possible commercial opportunities between the two companies in South Africa.
Potential areas for co-operation include at PetroSA’s gas- to-liquids refinery in Mossel Bay, in shale gas exploration and enhanced heavy oil recovery, and in renewable energy, the companies said in an e-mailed statement.
GE Energy may also participate in the development of an electricity co-generation and a water treatment facility for PetroSA’s planned Mthomba refinery at Coega, near Port Elizabeth, said Kaizer Nyatsumba, a spokesman for the oil and gas company.
GE Energy, the world’s biggest maker of power-generation equipment and services, has been building its oil and gas division, partly through about $12 billion in acquisitions in the past year.
GE, the world’s biggest maker of electricity generating equipment, is based in Fairfield, Connecticut. Its energy segment has its headquarters in Atlanta.
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