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Article: South Africa: PetroSA toasts milestone for Coega refinery.
- Article from:
- TendersInfo
- Article date:
- October 8, 2009
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NATIONAL oil and gas company PetroSA has signed a co-operation agreement with the Coega Development Corporation with regard to the planned 10bn crude oil refinery in Coega, near Port Elizabeth.
The agreement, which the two companies yesterday said was a major milestone in the development of the 400000- barrels-a-day refinery, clarifies the roles and responsibilities of the companies in the Coega industrial d evelopment zone during the construction and operation of the refinery.
The agreement provides for the CDC (Coega Development Corporation) to recognise PetroSA as the official developer and promoter of the proposed refinery, the establishment of a ...