Oryx Energies completes acquisition of South African LPG businesses

1 August 2013

Oryx Energies completed today the acquisition of the Liquefied Petroleum Gas (LPG ) distribution businesses in South Africa of BP and Masana Petroleum Solutions in which BP had a 45 per cent stake.

The acquisition gives Oryx Energies a leading position in the South African LPG market and strengthens its status as a key LPG player across Southern Africa. We have been promoting LPG as a cleaner, affordable and more ecological energy source for 15 years and are making significant investments in the sector across sub-Saharan Africa.

Forty-four new members of staff based in Johannesburg, Pretoria, Cape Town and Durban have become part of the Oryx Energies family, as employees of our local affiliate, Oryx Oil South Africa (Pty) Ltd. The acquired businesses serve a nationwide network of industrial, commercial and domestic customers, representing annual LPG sales of over 60,000 tonnes. We look forward to developing the business in order to respond to the unmet needs of large parts of the country's population.

As a specialist in the provision of quality and reliable supplies of fuels, LPG, lubricants and bitumen across the region, we plan to invest strongly in South Africa to become a key player in the country's energy arena and help meet the growing energy demand across this major economy.

For more information, read press release below: