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Vivo Energy to invest over R10bn in South Africa, Patel says

Vivo Energy, owned by global commodities trader Vitol, will invest an initial R10-billion in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim Patel said on Wednesday. The investment is part of a range of public interest and competition commitments, designed to prevent job losses and continue supply contracts with local refineries, that domestic regulators sought when the merger was considered.
Cape Town Western Cape South Africa South African Ebrahim Patel Harvey Foster

Qatar's LNG expansion plans and the issue of market oversupply

On Feb. 25, 2024, Qatar announced plans to increase its LNG production capacity by a further 16 million tons per annum (mtpa) in 2029-30, bringing the total to 142 mtpa. This would be the third such large-scale expansion of its LNG production within the next six years, but there's one wrinkle: These new production volumes are set to come online at a time of significant oversupply in the LNG market. What accounts for Qatar's decision?
South Korea Ad Daw Ah Warminsko Mazurskie United Kingdom Sakhalinskaya Oblast United States
Source: mei.edu

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