Petro SA deal

South African Petroleum company, Petro SA says its latest acquisition of an equal split in the interest held by GNPC’s subsidiary, Jubilee Oil Holdings Ltd is structured in a manner that will yield mutual benefits for all partners involved. Ghana’s Minister of Energy, Dr. Mathew Opoku Prempeh in May this year took a swipe at Ghana National Petroleum Corporation (GNPC) Board Chairman, Freddie Blay for offering Ghana’s fields to the South African Country insisting that the deal is not in the interest of Ghana as the nation will lose revenue. The Minister further ordered Mr Blay to withdraw the offer…