South Africa’s energy landscape just shifted! The South African National Petroleum Company (SANPC) has officially launched operations under the Central Energy Fund. Born from a strategic merger of iGas, PetroSA, and the Strategic Fuel Fund, SANPC begins its journey with 402 employees already onboard.
Operating under a lease-and-assignment model, SANPC aims to tackle energy security, reduce imports, and secure vital sector skills. The second employee transfer phase is expected soon, once the inherited assets are stabilized.
Source: Energy Capital & Power
