Home | News    Tuesday 21 March 2017

South Sudan and Equatorial Guinea partner on oil and gas

separation
increase
decrease
separation
separation

March 21, 2017 (JUBA) – South Sudan and Equatorial Guinea announced an historic partnership today in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers.

JPEG - 53.6 kb
A worker at the power plant of an oil processing facility in South Sudan’s Unity state on 22 April 2012 (Photo: Reuters)

The two nations will use the new partnership as a basis for exchanging information on policy and regulation promoting upstream, downstream and infrastructure projects, and collaboration between the national oil companies Nilepet and GEPetrol

The Memorandum of Cooperation was signed by Equatorial Guinea’s Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima and South Sudan’s Minister of Petroleum, Ezekiel Lol Gatkuoth.

The two nations will use the new partnership as a basis for exchanging information on policy and regulation; promoting upstream, downstream and infrastructure projects; and collaboration between the national oil companies Nilepet and GEPetrol.

“Partnership is what fuels the oil industry” said Gatkuoth.

“South Sudan is proud to share its experiences with Equatorial Guinea, and to learn from the great work of our fellow African producer. The petroleum industry is crucial to our nation’s development. This agreement signals our dedication to investing in the sector as a driver for South Sudan’s growth," he added.

Extending its expertise in oil and gas licensing rounds, gas monetization and eliminating flaring, investing in power plants using flared gas, local content and offering to provide training to South Sudanese personnel, Equatorial Guinea’s Ministry of Mines and Hydrocarbons will use its experience and resources to assist South Sudan’s Petroleum ministry in revitalizing the country’s oil and gas industry.

“The sharing of resources and knowledge between African oil and gas countries is critical,” said Obiang.

“Going forward, Equatorial Guinea will work closely with South Sudan for the benefit of our people and our national economies. The lines of communication are open and we look forward to a deep and lasting collaboration,” he added.

Both countries bring decades of oil production experience to the table, and South Sudan is now working to more than double oil output to 290,000 barrels per day. Equatorial Guinea is nearing the close of its EG Ronda 2016 licensing round.

The EG Ronda will conclude at the Africa Oil & Power 2017 conference in Cape Town, where South Sudan President Salva Kiir will deliver a keynote speech and the ministers of both nations will meet investors and promote their oil and gas industries and projects.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 21 March 07:49, by Ayuiu Makuac Lam

    That is good hope for South Sudan.

    repondre message

    • 21 March 11:49, by nuer food lovers

      Walai this drunkard government will do wonder.. Last week Nigeria today Equatorial Gue

      repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Reflections on the SPLM-Ns 2017-10-18 20:15:33 By Mohamed Yassin It is sad, weird and ugly that some comrades reduced the vision of the SPLM to the SPLM-N standing for North, as a compromise. Its adaptation, it was bitterly adopted in an (...)

Do we have leaders in South Sudan or murderers? 2017-10-15 04:13:20 By Peter Gai Manyuon According to different scholars globally, leadership style is the way a person uses power to lead other people. More so, scholars have also identified a variety of (...)

Accountability, National Dialogue, and Elections: Which one of them comes first? 2017-10-12 21:51:17 By Dr Lako Jada Kwajok Conflicts or wars are the offspring of failures to have constructive dialogues in resolving problems between parties. The parties could range from countries, groups of (...)


MORE






Latest Press Releases


Reactions to government agencies’ conspiracy against Greater Bor community 2017-10-08 07:54:31 October 7, 2017 A monkey business or a donkey business in the government of the republic of South Sudan against the citizens is unacceptable. Therefore, we as youth of Greater Bor in diaspora (...)

Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)

New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.