Radebe: We are pursuing an oil deal with South Sudan and it's all above board | Fin24
SA is pursuing an oil deal with South Sudan to manage fluctuating oil prices, Energy Minister Jeff Radebe said at a media briefing on Thursday in Cape Town. that stated the energy department was looking to build an oil refinery in South Sudan, a"mystery" deal which could cost $1bn. According to the article, government has already spent R20m in pursuit of the deal, which"raised eyebrows in government circles".
Radebe said the Central Energy Fund's board had distanced itself from the"grossly misleading information". He then confirmed that SA is pursuing an oil deal in South Sudan. Part of the strategy includes drilling for oil locally off the coast of Mossel Bay, relying on shale gas in the Karoo, and sourcing oil from South Sudan.
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