While Durban is one of South Africa’s major industrial hubs, it is also home to some of South Africa’s major oil refineries. The fuel and oil from these refineries keep much of South Africa and its economy on the move and flowing smoothly every day. A refinery is a very large and highly complex operation which has been designed to run most of the time with a minimum of supervision. However, usually every two years, oil refineries need to be shut down for a period of intensive maintenance, replacement or…
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Petroleum deal between SA, South Sudan a boost to peace, economic recovery, oil industry
JUBA – The signing of the new exploration and production sharing agreement (EPSA) between South Sudan and South Africa’s Strategic Fuel Fund (SFF) is a boost to the oil sector and promotes peace and stability within the country. This landmark oil deal marks yet another achievement for Africa’s growing energy investments and will provide further boost to South Sudan’s economic revival. This is the second petroleum exploration agreement that South Sudan has signed since independence. Singing this deal with South Africa’s state-owned company marks the emergence of a strong intra-African…
Read MoreAngola looks to benefit from surge in oil prices
INTERNATIONAL – Angola plans to auction nine blocks this year and is seeking to build new refineries as Africa’s second-biggest oil producer looks to benefit from a surge in crude prices that could boost companies’ appetite for investments.The tenders for the offshore areas are part of efforts to lure back global explorers that cut spending after crude crashed in 2014, driving down output in the oil-dependent nation. The nine blocks are located in the Namibe basin, Angolan Oil Minister Diamantino Azevedo said, and are part of 55 that local newspaper…
Read MoreSpanjaard Limited Launches EP2 Grease
Spanjaard Limited, leading manufacturer of special lubricants and allied chemical products, has introduced EP2 Grease to its range of products. Spanjaard identified a need for a high quality lower-cost multipurpose grease to complement its range of specialised greases and has therefore introduced EP2 Grease to fulfil the needs of the market. Spanjaard EP2 Grease is a high quality, all purpose, lithium-based grease. It is suitable for lubrication of plain, needle, ball and roller bearings of all types. Spanjaard EP2 Grease is fortified with rust and oxidation inhibitors and is suitable…
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