Oryx Energy buys BP LPG distribution business in South Africa

Oryx Energies has agreed to purchase BP's liquefied petroleum gas distribution business in South Africa. The deal is expected to be completed during the third quarter of 2013 and also includes the purchase of Masana Petroleum Solutions' LPG business, of which BP owns a 45 percent stake.

The businesses together represent annual LPG sales of 60,000 tonnes, Oryx said in a company statement. BP supplies about 40,000 tonnes of bulk, cylinder and aerosol LPG to customers across industrial, commercial and domestic industries. Masana LPG's business serves large commercial and industrial customers with about 20,000 tonnes of bluk LPG.

The deal with BP and Masana will also include the transfer of more than 45 employees to Oryx Energies affiliate, Oryx Oil South Africa Ltd.

"We are delighted that Oryx Energies has been selected as the preferred buyer of this major LPG business in South Africa," said Jean Claude Gandur, chairman of AOG, which owns Oryx Energies. "This is an important step in the roll out of our regional LPG strategy and we are looking forward to welcoming all the BP and Masana LPG employees into the Oryx Energies family."

More information on the LPG industry can be found at PennEnergy's research area.

Oryx Energies has agreed to purchase BP's liquefied petroleum gas distribution business in South Africa.

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter
For Email Marketing you can trust

Whitepapers

How Mobility Can Drive Shorter Estimated Time for Restorations (ETRs)

Utilities must be prepared to deal with storms, floods, and other catastrophic events that are to...

Rise of the Machines- how to make a successful smart meter roll out

Installation of smart meters is a growing global trend in the utilities industry. By 2020, it is ...

Improve accuracy & reduce your lease operating expense

In this whitepaper, we will address both the technical approach to achieving the highest possible...

Substation Communications Design Legacy to IEC 61850 Best Practices

Two trends, the migration of the electrical grid to the “Smart Grid” and the adoption of Ethernet...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013