With the uncertainty over supply of oil from Iran, South Africa is looking to Nigeria to purchase its oil, the Deputy President Kgalema Motlanthe said, following the signing of a Memorandum of Agreement with the Vice President of Nigeria, Namadi Sambo, in Cape Town on Wednesday.

South Africa may be forced to comply with a US order to cease buying oil from Iran - from which it sources about a quarter of its oil - or risk economic penalties from America. The Minister of Energy Dipuo Peters last week said government would decide on its response to proposed sanctions by the end of this month.

http://www.southafrica.info/news/international/nigeriaoil-240512.htm#.UYff16JHLyE

Reserved space . . .

Lol, OP remember to change this tittle after 2015 to south africa turn to the oil producing regions of Nigeria for oil supply. Or south africa turns to the united oil regions of Nigeria for supply.lol

mekaboy: Lol, OP remember to change this tittle after 2015 to south africa turn to the oil producing regions of Nigeria for oil supply. Or south africa turns to the united oil regions of Nigeria for supply.lol

Hmmmmmmm

well it high time both Africa countries [Nigeria and south Africa] work together to make Africa a better place

mekaboy: Lol, OP remember to change this tittle after 2015 to south africa turn to the oil producing regions of Nigeria for oil supply. Or south africa turns to the united oil regions of Nigeria for supply.lol

Hehe

Hmm how does dis affects d price of garri in d market.we donot give a shit about dem so dey should stf

No big deal as there is always market for crude oil. But I think SA will do better with Angola oil.

I don't know why we were still importing middle eastern oil while there are two big oil exporters on the continent.

zetdee: I don't know why we were still importing middle eastern oil while there are two big oil exporters on the continent.

I guess it's cheaper

zetdee: I don't know why we were still importing middle eastern oil while there are two big oil exporters on the continent.

Our refineries are built to cater for middle east oil, particularly Iran oil. Hence a quarter of oil imports where from Iran only. Importing oil from Angola and Nigeria will make refining it a little more expensive than oil from far away middle east.

Lets hope the new refinery that they're planning to build will be designed for optimum refinery of Namibain, Angolan, Nigerian and soon to be discovered South African oil.