Acsa respond to BP exit from South African jet fuel market

On Friday, the company confirmed that BP started officially engaging ACSA more than a year ago in February 2022, with respect to their change in global strategy. “At the time, BP indicated their intention to exit the current arrangements,” it stated.

“Later in April 2022 the oil company further informed ACSA that it would resign as the managing participant of the consortia at O.R Tambo International Airport and Cape Town International and terminate its lease agreements for the operations of the fuel facilities at King Phalo and George Airports. This in our understanding had nothing to do with Russia or Ukraine but BP’s global strategy which was communicated to ACSA in early 2022.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa: Cannabis Industry Plans for South Africa Have Stalled - How to Get Them Moving AgainAnalysis - South African president Cyril Ramaphosa recently reiterated plans to accelerate the commercialisation of hemp as well as cannabis plants. His speech setting out government's priorities for 2023 was a reminder of a pledge in 2022 - also in his state of the nation address - that the government would mobilise investment in the hemp and cannabis sectors.
Source: allafrica - 🏆 1. / 99 Read more »