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 2017 07:49, by Ayuiu Makuac Lam

    That is good hope for South Sudan.

    repondre message

    • 21 March 2017 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


Turkey and Africa are building a solid partnership 2018-05-24 22:55:24 by Turkish Foreign Minister Mevlüt Çavu?o?lu As Turkey marks the annual Africa Day, I take the opportunity to celebrate Africa’s achievements and rejoice in our developing partnership. Africa’s (...)

Sudan’s Bashir is playing a dangerous game 2018-05-23 05:09:04 The attempt of the Sudanese president to engage with rival regional interests in a bid to stay in power might fail. By Ahmed H Adam Sudan's political crisis is sliding into a dangerous phase. (...)

Salva Kiir’s cunning strategy 2018-05-19 07:40:06 By Duop Chak Wuol Salva Kiir likes to preach democracy to confuse people, looks for ways to legitimize his atrocious regime, uses deception to promote his despotism, and calculatingly waits for (...)


MORE






Latest Press Releases


The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)

Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.