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PetroSA, GE to Explore Commercial Opportunities in S. Africa

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Sept. 26 (Bloomberg) -- PetroSA, South Africa’s state-owned oil and gas producer, signed an agreement with General Electric Co. 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.

To contact the reporter on this story: Jana Marais in Johannesburg at jmarais@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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