Africa: South Africa announces $ 1 billion investment in South Sudan Oil Industry


Cape Town – Jeff Radebe, South African Energy Minister, plans for his country's plans for US semi-billion U.S. in the deposit of the Sudan oil department, and including furnishing, news reports, SABC.

The Sudan oil industry is now managed by Asian companies, including the Chinese National Petroleum Corporation and the Indian Oil and Natural Gas Company.

Reuters reports that the two ministers have the name of a memorandum of understanding of South Africa that participates in the investigation of a number of oil blocks.

Radebe said: "When this funeral is ready, it will be able to take 60,000 barrels of oil every day," while Eeciel Lol Gatkuoth, the petroleum minister for South Sudan, said the also contract to offer opportunities for collaboration in pipe construction in the southern part of the country.

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