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South Africa: Saudi Aramco explores refinery potential

Saudi Arabia has signed a memorandum of intent to study a potential oil refinery and petrochemicals complex in South Africa. The initial work will be carried out by national companies Saudi Aramco and PetroSA, while Aramco and the Johannesburg-based Central Energy Fund are cooperating to establish investment terms and a long-term energy partnership. A location for the proposed project has yet to be finalised.

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