Saudi Arabia has plans to build an oil refinery and a petrochemicals plant in South Africa. Establishing the facilities is part of Saudi Arabia’s $10 billion investment in the country, according to Saudi Energy Minister Khalid Al-Falih, Reuters reported.
Saudi oil will be used in the oil refinery and Saudi Aramco will lead the construction process, Al-Falih said in comments following a meeting with South African Energy Minister Jeff Radebe in Pretoria.
“There have been exchanges of talks by Saudi Aramco teams and they have been supported by the South African energy ministry,” Al-Falih said.
The location of the refinery and the petrochemical plant will be decided during the upcoming weeks, Radebe said.