South Sudan's oil suitors still skeptical over security
Major investments in the civil-war ravaged country are likely to depend on the success of a recently signed peace deal
An agreement under which South African state-controlled companies could invest as much as $1bn in South Sudanese energy projects, including a refinery, is welcome news for the ailing oil sector whose output has been severely curtailed by civil war. However, there is no guarantee the projects will materialise or that the South Sudanese government can meet its own ambitious target of boosting oil production back towards historic highs of around 350,000 bl/d by the early 2020s from some 150,000 bl/d in recent months. The memorandum of understanding (MoU) was signed by South Sudanese energy minister Ezekiel Lol Gatkuoth and his South African counterpart Jeff Radebe during an energy conference i
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
