SERIES: PetroSA
Who profited when the lights went out? The biggest beneficiary of loadshedding was the Petroleum Oil and Gas Corporation of South Africa (PetroSA). This state-owned entity has been technically insolvent for years, but thanks to diesel sales to Eskom, an aggressive push for offshore gas, and a host of politically-tainted deals, PetroSA is hoping for a comeback.
SA pursuing major gas deal — and Russia wants in
28 March, 2022
Gazprombank, owned by Russia’s state-owned gas supplier, confirm they are considering a bid for what is potentially a multi-billion-rand contract — which, if awarded, would raise questions as to whether South Africa’s stance on Ukraine is being influenced by its thirst for gas.
PetroSA pushes for R3.7bn deal with Russia
22 November, 2023
The state-owned Petroleum Oil and Gas Corporation of South Africa (PetroSA) wants to partner with Russia’s Gazprombank to restart the gas-to-liquids refinery in Mossel Bay.
PetroSA taps notorious political operator for massive offshore gas deal
24 January, 2024
On 11 December, the Petroleum, Oil and Gas Corporation of South Africa (PetroSA) held a two-hour press conference to try to defend its R3.
Fight over state’s oil and gas assets reveals Mantashe’s growing conflict
22 March, 2024
Two government ministers are in a tug of war over the future of the state’s oil and gas assets.
Own goal! PetroSA’s multi-billion rand offshore gas deal thwarted by unpaid soccer player
26 July, 2024
In December 2023, PetroSA entrusted a potential R21.
Advocacy: AmaBhungane and Open Secrets challenge PetroSA’s diesel contracts secrecy
29 October, 2024
For the past two years, PetroSA – South Africa’s national oil and gas company – has reaped enormous profits from the loadshedding crisis by buying diesel from unknown suppliers and selling it to Eskom at a profit.
The deal that got PetroSA’s CEO suspended
3 December, 2024
In April this year Xolile Sizani was brought in to save PetroSA, but after just six months as chief executive he was suspended by the board.
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