Tag: Petroleum Industry
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Turkey’s oil exploration in Somalia raises regional concerns
Turkey has launched a significant oil and gas exploration mission off Somalia’s coast, with the state-owned Turkish Petroleum Corporation (TPAO) leading the operation. The Turkish exploration vessel, now in Somali waters, is set to conduct seismic surveys over the coming months, marking a new phase in Turkey’s strategy to expand its energy reach beyond the…
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President Ramaphosa launches state-owned South African National Petroleum Company
Announced on September 18, the South African National Petroleum Company (SANPC) was formed through the merger of three subsidiaries of the South African government’s Central Energy Fund: iGas, PetroSA, and the Strategic Fuel Fund (SFF). It aims to ensure energy security, drive innovation, develop infrastructure and contribute to South Africa’s economic and social growth. This…
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