South Africa To Invest $1 Billion In South Sudan’s Oil Sector

South Africa will invest $1 billion in South Sudan’s oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Nov. 23.

South Sudan’s oil industry is dominated by Asian firms including China National Petroleum Corp. (CNPC), Malaysia’s Petronas and India’s Oil and Natural Gas Corp.