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 2017 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


Another electoral farce Sudanese should expect in 2020 2018-06-18 02:08:16 Sudanese Elections Scheduled for 2020 will be Fraught with Dangers andCounterfeiting like its predecessors By Mahmoud A. Suleiman The National Congress Party (NCP) regime’s Elections Scheduled (...)

Salva Kiir’s kingdom of doom 2018-06-16 12:31:50 By Duop Chak Wuol Empires come and go, regardless of whether they are good or bad. One of the chief measures employed by historians is an investigatory examination into the legacies the empires (...)

Darfur remains at crossroads as Bashir takes it protective cover from ICC 2018-06-12 14:19:46 By Mahmoud A. Suleiman This article comes against the backdrop of the statement attributed to Sudan's ruling regime as saying that it is the “Time for UNAMID to leave Darfur” (...)


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.