Alva Review-Courier -

South Africa to invest $1 billion in South Sudan oil sector

 

November 23, 2018



JUBA, South Sudan (AP) — South Sudan's oil minister says South Africa will invest $1 billion into the war-torn country's oil sector in what would be the largest investment in the East African country's history.

Ezekiel Lol Gatkuoth confirmed Friday's signing of the memorandum of understanding with South Africa's energy minister, Jeff Radebe. Radebe told state broadcaster SABC that both countries would benefit.

South Sudan has Africa's third-largest oil reserves, at 3.5 billion barrels, and it hopes increasing production will help the country recover after a peace deal was signed two month...



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