Saudi Arabia Plans Oil Refinery, Petrochemicals Plant In SA

Oil Refinery
An oil refinery. Picture:

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.