Total to boost oil exploration and increase petrol stations in SA
Total also wants to supply liquefied natural gas and add solar projects as part of two government programmes as there is ‘more confidence’ with Ramaphosa as president
French energy giant Total plans to boost oil exploration and open more petrol stations SA. Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6% target this year, thanks to acquisitions and new projects from the Arctic to West Africa. In SA, the company plans to expand its network of more than 500 fuel stations and finish a deep-water offshore exploration well, started in 2014. "In retail, we clearly want to grow and to grow by 200 to 300 service stations in the coming few years," Pierre-Yves Sachet, MD and CEO for Total SA, said in an interview in Johannesburg on Thursday. "The intensity of our footprint is not exactly the one we would like to have yet." Total, which is already due to open 20 new retail outlets this year, is considering partnerships to increase that number. It faces competition from Sasol, which is also looking to expand its fuel-station network in SA, currently standing at about 4,600 outlets. Total is also int...
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