State’s Strategic Fuel Fund to finance exploration in South Sudan
CEF CEO Kholly Zono says it is estimated that the exploration will cost $48m (R708m) over six years
The Strategic Fuel Fund (SFF) will use its own balance sheet to fund the exploration of an oil block in South Sudan, its parent company the Central Energy Fund has said.
Briefing parliament’s portfolio committee on mineral resources and energy CEF CEO Kholly Zono said that the exploration was estimated to cost $48m (R708m) over six years...
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