A man walks past South African petro-chemical company Sasol's synthetic fuel plant in Secunda, north of Johannesburg, in this picture taken March 1,2016.REUTERS/Siphiwe Sibeko/File Photo

Home » Saudi Arabia Plans Oil Refinery, Petrochemicals Plant in South Africa

Saudi Arabia Plans Oil Refinery, Petrochemicals Plant in South Africa

PRETORIA – Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said on Friday. In comments following a meeting with South Africa’s energy minister Jeff Radebe in Pretoria, Al-Falih said Saudi oil would be […]

By Reuters
18-01-19 12:58
in Business
A man walks past South African petro-chemical company Sasol's synthetic fuel plant in Secunda, north of Johannesburg, in this picture taken March 1,2016.REUTERS/Siphiwe Sibeko/File Photo

PRETORIA – Saudi Arabia plans to build an oil refinery and a petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid Al-Falih said on Friday.

A man walks past South African petro-chemical company Sasol’s synthetic fuel plant in Secunda, north of Johannesburg, in this picture taken March 1,2016.REUTERS/Siphiwe Sibeko/File Photo

In comments following a meeting with South Africa’s energy minister Jeff Radebe in Pretoria, Al-Falih said Saudi oil would be used in the planned refinery.

Saudi Arabia was also interested in using South Africa’s oil storage facilities, he said.

(Reporting by Alex Winning; Writing by Joe Brock; Editing by Susan Fenton)