SA remains committed to South Sudan oil exploration deal

SA is pressing ahead with a $1bn oil investment in South Sudan in a bid to ensure domestic energy security.

“It is happening. We are active there, we are doing exploration, we are working on certain blocks and that’s it,” Mantashe said on the sidelines of the Africa Oil & Power conference. The R15.6bn equivalent investment is funded from state coffers, he said.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Source: Energy Industry News (energyindustrynews.net)

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