LPG trading and shipping company Petredec has launched a subsidiary in South Africa called Petrefuel, after recently acquiring Empangeni-based fuels wholesaler Jubane Petroleum and fuels distributor Oilco.

NGC Energy India, a joint venture between Oman-based National Gas Company and Singapore-headquartered Petredec, will jointly set up a liquified petroleum gas import and storage terminal at Krishnapatnam Port

Energy distributor Petredec has acquired the wholesale and logistics divisions of independent Shell-branded fuels and lubricants distributor Oilco, which is based in KwaZulu-Natal.