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…

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Angola 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…

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Spanjaard Limited Launches EP2 Grease

lubrication of plain, needle, ball and roller bearings

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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