BP, Masana Petroleum Solutions sell LPG business in South Africa.

By bne IntelliNews March 21, 2013
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and BPs black empowerment partner, Masana Petroleum Solutions, a release on the website of Oryx Energies informs. The transaction is anticipated to be completed in Q3 2013, after completion of all required approvals. In South Africa, BP sells to industrial, commercial and domestic customers. The companys annual sales are almost 40,000 tonnes of bulk, cylinder and aerosol LPG. Masana, in which BP owns a 45% stake, supplies large, commercial and industrial consumers, and its sales are 20,000 tonnes of bulk LPG per year. The deal also involves the transfer of more than 45 employees. The press release informs that the transaction is in line with previously announced plans of BP to divest its LPG bottles and bulk business, as well as some of its wholesale LPG operations, in the UK, Portugal, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa. BP will continue to develop its other businesses in South Africa, such as retail and the SAPREF refinery joint venture in Durban, though. Oryx Energies is a Swiss company, wholly-owned by private investment group AOG. It supplies, stores and distributes oil and gas products throughout sub-Saharan Africa.

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