South Africa
Still in the red, PetroSA is nonetheless doing better
While PetroSA is still losing money - it incurred a [...]
PetroSA is South Africa’s national oil company and extracts natural gas and oil on behalf of the government in the coastal regions of the country, as well as producing synthetic fuel. PetroSA has on several occasions attempted to obtain licences in neighbouring countries, but has never succeeded in expanding its operations outside South Africa.