South
Africa’s Minister of Energy Jeff Radebe announced his country’s plans
to invest one-billion U.S. dollars in South Sudan’s oil sector,
including in the construction of a refinery, SABC Newsreports.
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
barrels of oil per day,” while Ezekiel Lol Gatkuoth, petroleum minister
for South Sudan, said the deal also offers avenues for cooperation in
the construction of a pipeline in the south of the country.
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