South Africa's PetroSA to expand Ghana oil fields with $150 mln credit

A ship loads crude oil at Bonga off-shore oil field outside Lagos, October 30, 2007. Oil fell more than $1 to near $89 a barrel on Wednesday, deepening its sharp profit-taking retreat from this week's record high on recovering Mexican oil output and an expected rise in weekly U.S. crude stocks. in a file photo. REUTERS/Akintunde Akinleye·Reuters· (Reuters)

CAPE TOWN (Reuters) - South African national oil company PetroSA has secured a seven year $150 million credit facility to refinance existing loans and expand operations at its Ghanaian oil fields, the company said on Thursday. PetroSA bought a minority stake in the prolific Jubilee and the Tweneboa, Enyenra, and Ntomme (TEN) cluster offshore oil fields in 2012.

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