JOHANNESBURG, South Africa (Bloomberg) -- SacOil Holdings Ltd. is in talks to buy what could be the South African oil and gas company’s first production asset, Chairman Tito Mboweni said. The Johannesburg-based company has “the possibility of an OML,” or oil-mining license, for a project that is in production phase in Nigeria, the continent’s largest economy and crude producer, Mboweni, 55, said in an interview. He declined to provide more detail on the stage of negotiations or the location of the asset.
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