Radebe: No irregularities with proposed $1bn South Sudan oil deal

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According to a report, the deal had raised eyebrows in government circles and could land Energy Minister Jeff Radebe in trouble.

PRETORIA - Energy Minister Jeff Radebe has rejected allegations of irregularities in relation to a proposed $1 billion oil deal with South Sudan.

It was further claimed that the so-called mystery deal has already cost the government about R20 million in travel costs.Radebe says that the Central Energy Fund’s engagement with their counterparts in South Sudan is no secret, and was formalised by a memorandum of understanding, signed publicly late in 2018.Radebe says South Africa is not the only country which has shown interest in that country’s oil reserves, such as BRICS partners Russia, China and India.

The minister rejects the claim that R20 million has been spent on travel costs, saying that only R2.2 million has been incurred.

Source: Energy Industry News (energyindustrynews.net)

 

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