Deals
SacOil CEO Looks at Mozambique, Egypt in Portfolio Balancing
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SacOil Holding Ltd. wants to diversify its assets by building a natural-gas pipeline in Mozambique and developing Egyptian oil wells, according to CEO Thabo Kgogo.
“We are in discussions with a couple of international engineering companies that would like to participate” in a project to build a gas processing plant in Mozambique and a line that would bring the fuel 600 kilometers (373 miles) to South Africa, Kgogo, head of the Johannesburg-based oil and gas company, said in a telephone interview yesterday. SacOil hopes to start feasibility studies in the first quarter of next year.