Netoil TIG announces Strategic Fuel Fund Association of South Africa(SFF) as their strategic partner

Nov. 4, 2013 - PRLog -- Abu Dhabi, UAE –  Netoil TIG, a private investment company and diversified business group, announced today their strategic alliance with the Strategic Fuel Fund Association of South Africa (SFF).

The participants in this strategic alliance will work closely together in the international oil and gas sector to explore business opportunities designed to enhance South African energy resources and security.

“Through this collaboration, SFF, with its global reach and highly experienced executives and work force, will offer excellent opportunities for joint cooperation in various countries and South Africa in particular,” said Roger Tamraz, CEO of Netoil TIG.

SFF, which is a key subsidiary of the Central Energy Fund (CEF) of South Africa, is actively involved in crude oil shipping and has imported and exported hundreds of cargos of oil without pollution of the environment.

“This is a great step forward in the search for appropriate future energy solutions for South Africa, including securing significant oil and gas resources by the Central Energy Fund through the Strategic Fuel Fund for South Africa and the Sub-Saharan region of Africa, and Netoil TIG is honored to contribute at their highest level, “says Mr. Alawi, Director of Netoil TIG.

About Netoil TIG

Netoil TIG is a joint venture between the Netoil Group and TIG (Theyab International Group), chaired by His Highness Sheikh Theyab Bin Khalifa Bin Hamdan Al Nahyan, that works in the oil and gas sector to explore and develop new business opportunities.

About SFF

A subsidiary of South Africa’s Central Energy Fund, SFF was established to procure and store crude oil and manage strategic crude oil reserve stocks for South Africa.  It trades and leases spare storage space and is deeply involved in oil pollution control initiatives. SFF has over the years managed not only to generate net income for South Africa, but has also been able to finance the operating costs of maintaining the country's strategic oil reserves at no cost to the South African State.  SFF has the best-equipped and manned pollution control center in the southern hemisphere and probably in the whole of Africa.