Home | News    Saturday 17 June 2017

S. Sudan Petroleum ministry launches open tender for audit

separation
increase
decrease
separation
separation

June 16, 2017 (JUBA) – South Sudan’s Petroleum Ministry has invited companies to bid on a public tender to perform an audit and produce a 2017 audit report on the country’s Petroleum industry.

JPEG - 17.4 kb
A worker walks through an oil production facility in Paloch in South Sudan’s Upper Nile state, on 5 May 2013 (Photo: Hannah Mcneish/AFP)

The move, the ministry said, is part of government’s commitment to ensure transparency and enhance efficiency in its petroleum sector.

The Tender process, it further stated, opens immediately and closes on 14 July, with winners to be announced on 17 July.

“Objectives of the audit include completing an accurate assessment of oil, condensate and gas reserves and production; reporting on revenue and investment flows; and making recommendations on the technical, fiscal and regulatory issues faced by petroleum industry actors,” the ministry’s statement partly reads.

It added, “The move to enhance efficiency and promote transparency in the hydrocarbons sector is viewed by the Ministry of Petroleum as the foundation for South Sudan’s future prosperity”.

The successful completion of the petroleum audit, the ministry stressed will be an important step for the country towards Extractive Industries Transparency Initiative (EITI) candidacy and membership.

Since its independence, South Sudan has relied on oil for all its income, a situation that has significantly compounded ongoing political and economic instability due to the fall in crude oil prices.

According to South Sudan officials, production in the past reached as high as 350,000 bpd but fell after a dispute with Sudan over fees for pumping South Sudan’s crude through Sudan’s export pipeline, which led South Sudan to halt production in 2012.

War-torn South Sudan got the lion’s share of the oil when it split from Sudan in 2011, but it’s only export route is through Sudan, giving Khartoum leverage and leading to ongoing pricing disputes.

(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.
  • 17 June 09:40, by Mr Point

    Why is the country’s wealth spent on killing people instead of providing food, shelter, medical services and education?

    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


Open Letter to Ambassador Donald Y. Yamamoto 2017-09-23 07:09:30 To The Principal Deputy Assistant Secretary, Bureau of African Affairs, U.S. Department of State, Washington, D.C. September 21 , 2016 By Stephen Par Kuol Your Excellency Ambassador Yamamoto: (...)

Sudan’s renegade Sheikh 2017-09-12 12:44:55 By Ahmed H Adam Tensions between the Sudanese regime and militia commander Sheikh Musa Hilal has reached a tipping point in recent weeks. On July 20, Sudanese Vice President Hassabo Abdel (...)

The UN’s WHO knows cholera vaccines have been used effectively: why not in Sudan? 2017-09-09 23:05:26 Eric Reeves The UN’s World Health Organization (WHO) continues in its refusal to call the cholera epidemic that has spread throughout Sudan by its proper name (cholera is caused by the Vibrio (...)


MORE






Latest Press Releases


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, (...)

A prominent Sudan Women and Civil rights activist passed away 2017-08-14 21:09:47 The Strategic Initiative for Women in the Horn of Africa (SIHA) Khartoum, Sudan-August 14 2017 In the early hours of Saturday 12th August Fatima Ahmed Ibrahim, a renowned Sudanese leader of the (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.