Radebe hints at possible Saudi investment to boost South Africa's oil refining capacity

Energy Minister Jeff Radebe has called for a collaborative approach to attract investment in oil refining hubs throughout the continent and has hinted that Saudi Arabian investment in refining capacity in South Africa may soon become a reality. “In South Africa we believe the time has come for an expansion of refining capacity in addition to the modernization of existing ones. We are working very hard to entice investment into the energy sector. We want to attract investment into a new refinery in South Africa so that we are able to ensure that we are semi self-sufficient,” Radebe told Africa Oil Week in Cape Town.