A man walks past South African petro-chemical company Sasol's synthetic fuel plant in Secunda

Saudi Arabia plans oil refinery, petrochemicals plant in S. Africa

PRETORIA (Reuters) - 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.

(Reporting by Alex Winning; Writing by Joe Brock; Editing by Susan Fenton)

2019-01-18 12:01:30

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.