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Petronas - PETRONAS Completes Transaction on Engen euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Vivo Energy to invest over $550 MM in South Africa, continue supply contracts with local refineries hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
Vivo Energy, owned by global commodities trader Vitol, will invest an initial R10-billion in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim Patel said on Wednesday. The investment is part of a range of public interest and competition commitments, designed to prevent job losses and continue supply contracts with local refineries, that domestic regulators sought when the merger was considered. ....
The enlarged Vivo Energy has 3 900 service stations, and more than 2 billion liters of storage capacity across 28 markets on the African continent. ....
On Feb. 25, 2024, Qatar announced plans to increase its LNG production capacity by a further 16 million tons per annum (mtpa) in 2029-30, bringing the total to 142 mtpa. This would be the third such large-scale expansion of its LNG production within the next six years, but there's one wrinkle: These new production volumes are set to come online at a time of significant oversupply in the LNG market. What accounts for Qatar's decision? ....