The Company is focusing on African oil and gas opportunities with the key focus on short-term production opportunities. The exploration assets should be in proven areas of discovery with above average upside potential.
Southern Africa – Afric Oil
About Afric Oil
Afric Oil, a subsidiary of Efora, is one of the largest independent fuel distributors in Southern Africa.
Afric Oil was established in 1995 as South Africa’s first 100% black-owned oil company. The company is targeting distribution of circa 45 million liters of fuel products (diesel, petrol, and paraffin) monthly with a reported audited turnover for the year ended 31 December 2015 in excess of R3 billion ($230.6m).
Afric Oil owns two depots in Boland in the Western Cape province, and in Beitbridge on the border of South Africa and Zimbabwe. Afric Oil’s operations are predominantly in South Africa, however, it also has an operating presence in the greater Southern African regions that include Zimbabwe. The key customers of Afric Oil include government departments, state-owned entities, blue-chip mining and industrial customers and other non-refinery wholesalers of fuel products.