Saudi Aramco explores potential for South African refinery

Saudi Arabia has signed a memorandum of intent to study a potential oil refinery and petrochemicals complex in the Republic of South Africa (RSA). The initial work will be carried out by national companies Saudi Arabian Oil Company (Saudi Aramco) and Petroleum, Oil and Gas Corporation of South Africa (PetroSA); Aramco and the Sandton, Johannesburg-based Central Energy Fund are co-operating to establish investment terms and a long-term energy partnership. A location for the project has yet to be finalised.