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PetroSA

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PetroSA - Energy & Power showcase

Year Founded & Workforce

1965

Industry

Energy & Power

Services

GTLGas to Liquid (Fischer Tropsch)
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PetroSA Overview

The petroleum, oil and gas corporation of South Africa (Pty) Limited (PetroSA) is a national oil company that is engaged in exploring and producing oil and gas products. It was formed upon the merger of mossgas (Pty) limited, Soekor (Pty) Limited, and parts of the strategic fuel fund association. The company has the largest gas-to-liquid (GTL) refineries in Mossel Bay, South Africa. It is engaged in the exploration and production of oil and natural gas resources, regionally and internationally. The company offers natural gas, crude oil, petrochemicals, and other oil products and serves customers throughout South Africa. PetroSA Ghana Limited is a major subsidiary of the company. Royal Dutch Shell plc. and Chevron Corporation are key competitors of the company.

Strategy

PetroSA is a going concern with adequate financial resources to continue operations into the future. Its GTL refinery produces ultra-clean, low-sulphur, low-aromatic synthetic fuels, and high-value products converted from natural methane-rich gas and condensate, using a unique GTL Fischer Tropsch technology. Moreover, the company also decided to reduce the operating mode of its GTL Refinery to sub-optimal levels in response to meet the challenge of depleting gas reserves.

Company Snapshot

$835.678M

Revenue

1965

Founded

SWOT Analysis

Strengths

  • Strong safety and environmental standards
  • Acquisitions and ventures

Weaknesses

  • Dependence on South Africa for revenue generation
  • Limited investments in R&D

Opportunities

  • Growing demand for gas projects

Threats

  • Fluctuation in oil and shale pricing
  • Intense rivalry

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Product Offering

  • PetroSA
    • GTL
    • Gas to Liquid (Fischer Tropsch)

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Sales rose from USD 835.7 Mn in 2017 to USD 868.4 Mn in 2019.
PetroSA — By Business Segment
Series (USD Mn)201720182019
Global Sales835.7724.2868.4

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