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South Africa to invest $1 bln in South Sudan's oil sector

South Sudan's Minister of Petroleum, Ezekiel Lol Gatkuoth. [Photo: Reuters]

JUBA- South Africa will invest $1 billion in South Sudan’s oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday.

South Sudan’s oil industry is dominated by Asian firms including China National Petroleum Corporation (CNPC), Malaysia’s Petronas and India’s Oil and Natural Gas Corporation (ONGC Videsh).

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