Engineering

Petredec today confirms that following the announcement made to the Oman Stock Exchange by National Gas Company (SAOG) Oman, it intends to acquire NGC’s entire interest in the two companies’ Indian Joint Venture which has focused on the development of a 34,000mts LPG import terminal in Krishnapatnam, Andhra Pradesh.

Petredec Holdings has announced that they have signed a contract for the construction of up to six 93,000 cbm LPG carriers with dual fuel LPG propulsion at Jiangnan Shipyard

LPG trading and shipping company Petredec has launched a subsidiary in South Africa called Petrefuel, after recently acquiring Empangeni-based fuels wholesaler Jubane Petroleum and fuels distributor Oilco.

Energy distributor Petredec has acquired the wholesale and logistics divisions of independent Shell-branded fuels and lubricants distributor Oilco, which is based in KwaZulu-Natal.