S. Arabia to set up oil refinery, petrochemicals plant in S. Africa

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 used in the planned refinery.

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

Source: Engineering News

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