Tuesday, 24 July 2007

PetroSA eyes exploration after Algeria setback

(Reuters) - South Africa's national oil group PetroSA said on Tuesday it was looking for exploration opportunities after a bid for a gas-to-liquid (GTL) project in Algeria was cancelled in May.

PetroSA had previously expressed confidence in securing the deal to establish a GTL project in Algeria as part of its plans to spread across Africa, but this took a dent when the Algeria plant was dropped because of rising costs.


Read more at Reuters Africa

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