Operating under contract with Sasol, PetroSA and Total South Africa, Brent Oil is a registered non-refining petroleum wholesaler focusing on the commercial market nationally. In the 2012 financial year it exceeded R2.2 billion in turnover and continues to grow its retail market share through branding new and non-branded service station sites. Commercial clients encompass a range of companies in the transport, logistics, construction, agriculture, mining, fuel distribution and retail sectors.
The service needs of our clients have required us to commit capital to infrastructure such as tankers and depots in the various provinces. There now are depots in Gauteng, Mpumalanga, Northern Cape, Western Cape, North West, Limpopo and the Eastern Cape. In addition, a fleet of 28 tankers are employed to ensure optimum fuel delivery.
Brent Oil has increased volumes to 250 million litres of fuel during the last financial year.
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J Sainsbury PLC said it is set to buy 18 filling stations currently under the Total brand from private equity firm Rontec Investments LLP, highlighting the continued importance of fuel to supermarkets as they try to attract cash-strapped customers. - petrolplaza.com
South Africa imported crude oil worth R3.37 billion from Iran in March - almost double the value of shipments a year earlier, as the government weighs joining US and EU sanctions against Tehran.
African International Energy, a company listed on the Frankfurt Stock Exchange, has announced its acquisition of 76 percent control of gas production and exploration rights in the Ibhubesi gas fields along South Africa's west coast. The announcement followed the $270 million purchase of both Forest Exploration and Anschutz, companies that shared the rights with state-owned PetroSA, which still holds 24 percent.
Mozambique would launch another round of bidding later this year for blocks in the southern part of the Rovuma basin, near where Anadardo Petroleum and Eni made gas discoveries, the National Petroleum Institute chairman said.
