Cholohelo Logabane's appointment to NewOil Trading
About NewOil
NewOil
trades in crude oil and petroleum products across the barrel. The company's activities span the East and Southern African markets, where NewOil's management team has extensive industry experience. The ultimate holding company of NewOil is Encha Group Limited (Encha), a diversified South African investment company with interests in the following clusters: Resources, Property, and Technology. The Resources cluster comprises the Mineral Resources division, and the Hydrocarbons Division. NewOil is part of the Hydrocarbons division, which has upstream and midstream oil and gas interests. The corporate structure of NewOil enables the company to compete globally in the trading of crude oil and petroleum products. Through its banking relationship with BNP Paribas‚ Geneve, NewOil has access to optimally priced commodity trade finance. This banking relationship gives NewOil unparalleled capacity to transact and execute its trades.
The dynamics of the East and Southern African markets present opportunities that NewOil is prime-placed to exploit profitably. Specifically in respect of the South African market NewOil satisfies the requirements of the Black Economic Empowerment Act 53 of 2003, and the liquid fuels industry's Liquid Petroleum Charter:
NewOil has access to oil and gas trading experience in excess of 40 years. The management team is able to execute deals successfully, and ensure the delivery risks are professionally mitigated and managed.
CONTACT DETAILS
Cholohelo Logabane
Managing Partner
Tel: +27 21 438 9053
Fax: +27 865 466 819 OR +27 21 438 4145
Mob: +27 82 881 4185 OR +44(0)7624 179690
Email:
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Skype: cholo_log
Addresses
119 Rosen Office Park OMC Chambers
37 Invicta Road Wickhams Cay 1
Midrand Road Town
1685 Tortola
Bankers
BNP Paribas (Geneve)
Compliance
NewOil
is a holder of a wholesale license issued by the Department of Energy.
