Recent Posts

Archive

Tags

No tags yet.

South Sudan To Receive $1 Billion South African Investment


South Sudan's oil industry is expected to receive $1 billion investment from South Africa. That was jointly announced by the governments of South Africa and South Sudan on November 23, 2018, according to some media sources on the same date.

The announcement continues that under a Memorandum of Understanding (MoU) signed by the two governments, the envisaged investment will entail construction of a refinery with a capacity of refining 60 000 barrels of crude oil per day, as well as exploration for new oil reserves.

Hitherto the MoU, South Sudan oil industry was dominated by firms from China, Malaysia, and India.

_________________________ © 2015 - 2018 Africa Up To Date. All Rights Reserved

Africauptodate

+46 760 637416

Vårholmsbackarna 108
127 44 Skärholmen

Stockholm
Sweden

www.africauptodate.com

________________________
© 2015 - 2021 Africauptodate. All Rights Reserved