Saudi to invest $10bn in South Africa for a new refinery, petrochemical plant
January 22, 2019 | Petrochemicals, Refining & Processing, South Africa
London, UK | – The South African Minister of Energy Jeff Radebe and his Saudi Arabian counterpart Khalid Al-Falih confirmed last week that the kingdom’s $10billion investment in South Africa would be for a new crude oil refinery and petrochemical plant. According to a statement issued by the energy department, the meeting was a follow-up on progress made since President Cyril Ramaphosa’s state visit to Saudi Arabia in July last year. Saudi Arabia and South Africa have been in talks regarding the building of a …