The Strategic Fuel Fund in SA is welcome to bring in partners to help it execute a $1bn agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.
“They have room to farm in” a partner, the South Sudanese minister said, adding that his government had the right to approve any partners and that a transaction would be subject to capital gains tax. In addition to bringing new partners into its oil fields, South Sudan is trying to diversify export routes for its oil.
Radebe said the estimated cost of $1bn covered the cost of the oil block, pipeline and refinery which would be spread over a period of 10 years.
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