Minister of energy Jeff Radebe says the country has committed $1bn to the project
South Sudan and SA on Monday signed a six-year production-sharing agreement for an untapped exploration block in the East African country, where production has been hit by civil war.
Radebe said the South Africans had committed $50m for exploration. SA was also interested in building a pipeline and refinery, he said, bringing their total projected investment to $1bn, according to memorandum of understanding signed in November. The block lies in greater Jonglei state. South Sudan became the world’s youngest country after it split from Sudan in 2011. It has one of the largest reserves of crude in sub-Saharan Africa, only a third of which have been explored.
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