SA Energy Minister Jeffrey Radebe described the agreement as a great deal for both countries.
The deal will see South Africa’s state-owned oil company, Strategic Fuel Fund and South Sudan’s Nile Petroleum Corporation, explore an area of 3 000 square kilometres known as “Block B2”.Exploration will begin immediately and is expected to continue for six years. A September 2018 peace deal has helped revive production, which has gone from around 155 000 barrels per day at the end of last year, to current figures of 175 000, said Gatkuoth.The oil sector’s revival was a key part of the peace deal mediated by Sudan, whose economy also suffered from the slowdown in oil output to the south.
WHAT IS MEANT BY 'SOUTH AFRICA'? WHOSE PAYING 4 THIS? IS OIL HEAVY ENOUGH 4 OUR REFINERIES? COMPATIBLE WITH WHAT WE R USING AT THE MOMENT ? WASN'T THERE A PROBLEM WITH THIS INVESTMENT B4 ? SO Y ANNOUNCE IT WHEN PPL'S ATTENTION IS TOWARD ELECTION ? USUAL MINING-PRENEURS INVOLVED!!
Next, Ramaphosa and his in-laws, aboJeff noPatrice are going to send members of the SANDF to South Sudan under the guise of a peace mission, when the mission would in fact be to protect their investments. Remember Jakobe, Khulubuse and the DRC mission?
JIT -Just in time, for the elections ANC?