S.Africa's PetroSA agrees exploration deal with DRC

Tue Oct 23, 2012 11:34am GMT
 

PRETORIA (Reuters) - South African national oil company PetroSA has reached an exploration agreement with Democratic Republic of Congo's (DRC) state oil company, Cohydro Sarl, South Africa said on Tuesday.

"This important agreement will establish a strategic cooperation in the activities of pre-exploration, exploration, development and production of hydrocarbons for the benefit of both countries," foreign minister Maite Nkoane Mashabane said after a two-day meeting with DRC officials.

Market Update

  • Africa
  • US
  • Europe
  • Asia
UK £ USD =1.5706
Euro USD =1.2447
Rand USD =0.0908