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PetroSA

South Africa

Date: 2003 – Unclear

Deal: In 2003, according to a British news service, PetroSA and Norway's Statoil signed a framework agreement with the National Iranian Oil Company (NIOC) to invest in a gas-to-liquid (GTL) processing plant in Iran. As of 2005,a plant had been constructed in South Africa, and the companies involved were testing Statoil's technology (London Stock Exchange Aggregated Regulatory News Service (ARNS), June 17, 2005).

PetroSA's annual report for its fiscal year ending March 2006 noted that the company had entered into a joint venture with Statoil "to develop GTL-Fisher Tröpsch technology and to explore and develop GTL opportunities in Iran and elsewhere" (PetroSA Website, March 31, 2006). In August 2006, according to International Oil Daily, South Africa's foreign minister Nkosazana Dlamini-Zuma said that talks between Sasol, PetroSA and the Iranian government to establish GTL plants in Iran were "far advanced" (International Oil Daily, August 23, 2006).

U.S. Business Ties: According to the company's website, PetroSA exports some of its petrochemical products to the United States (PetroSA Website, accessed July 14, 2010). In September 2006, PetroSA opened an office in Houston to expand its marketing in the U.S., according to a South African's Central Energy Fund website (CEF Website, accessed July 14, 2010).

According to an industry publication, PetroSA sent a team of chemical engineers to Houston, Texas in March 2009 to work with U.S. firm Kellogg, Brown and Root on a feasibility study and design of a planned oil refinery in Coega, South Africa (Engineering News, March 13, 2009).

According to USASpending.gov, PetroSA has not received any contracts from the U.S. government (USASpending.gov, accessed August 6, 2014).

Last Updated: August 6, 2014