SA to invest R13bn in South Sudan oil industry

JOHANNESBURG - South Africa will be investing over R13-billion in South Sudan's oil sector.

Energy Minister Jeff Radebe says a deal was struck to build a refinery there.

He said it has the capacity to produce 60,000 barrels of oil a day.

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.

Africa’s newest country has been gripped by civil war for nearly five years now.


Paid Content