Name of the Project
Richards Bay oil refinery.
Location
Richards Bay, KwaZulu-Natal, South Africa.
Project Owner/s
Saudi Aramco and Central Energy Fund (CEF).
Project Description
The project entails the construction of a 300 000 bbl/d oil refinery.
Potential Job Creation
Not stated.
Capital Expenditure
The project is estimated at $10-billion.
Planned Start/End Date
The plant is expected to come on line 2027/28.
Latest Developments
The South African government reached an agreement with Saudi Aramco for the construction of the proposed oil refinery in November.
The project is at prefeasibility study stage.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Saudi Aramco, email international.media@aramco.com.
CEF, tel +27 10 201 4700 or email comms@cefgroup.co.za.