South Africa’s Minister of Energy, Jeff Radebe, on Monday, November 26, 2018, announced his country’s plans to invest USD1 billion in South Sudan’s oil sector, including in the construction of a refinery, SABC reports.
The South Sudanese oil industry is currently dominated by Asian firms, including the China National Petroleum Corporation and India’s Oil and Natural Gas Corporation.
Reuters reports that the two ministers signed a memorandum of understanding on South Africa taking part in the exploration of several oil blocks.
Radebe said: “When this refinery is complete, it will have the capacity of producing 60,000 Courtesy: Agency report
