Home | News    Friday 11 May 2018

S. Sudan’s Petroleum minister woes foreign investors

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May 10, 2018 (LONDON) - South Sudan’s oil facilities are secure and investors should not be deterred, the country’s Petroleum minister, Ezekiel Lol Gatkouth told delegates attending the Africa Oil and Power Investment Forum in London Thursday.

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South Sudan’s petroleum minister Ezekiel Gatkouth makes opening remarks at the Oil and Power conference in Juba, October 16, 2017 (APO)

“Leave it [politics] to the politicians,” said the minister, while addressing the forum, adding, "When you come to South Sudan, you need to be a pure company that doesn’t have a hidden agenda."

Gatkuoth said the government has kept the country’s oil installations secure, despite the civil war that has displaced millions of people.

The minister specifically cited the Chinese state-owned petroleum company (CNPC) as a major investor in South Sudan’s oil industry.

"CNPC is purely doing business. They don’t ask about the political situation or [questions like] when we are going to have an agreement with the rebels,” he stressed.

Investing in local content, Gatkuoth said, is important if South Sudan is to boost oil production levels, which reached 350,000bpd in 2011, before it slumped to just the current 130,000bpd due to the civil war.

"Seventy per cent of South Sudan is unexplored, there are three operating companies who have the potential to produce - the whole country is floating on oil," the minister disclosed, adding "We are big on land but small on population with only 12 million people."

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

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

HUGE PROSPECTS

In July last year, Nigeria’s Oranto Petroleum Limited said it signed oil sharing agreement with South Sudan covering the country’s Block B3, earmarking up to $500 million to explore the oil in the region. In the first three years, Oranto said it would do airborne geophysical surveys in the 25,150-sq km block and assess existing data held by the government and former operators, among a series of other activities.

The 120,000-square kilometer Block B was reportedly split by the government into the B1, B2 and B3 blocks in 2012. In Block B3, Oranto will work alongside the B1 and B2 partners, which include Total.

South Sudan is an established, world-class petroleum producing region, whose territory includes a large part of the Cretaceous rift basin system that has proved petroliferous in Chad, Niger and Sudan.

(ST)

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  • 11 May 10:44, by jur_likang_a_ likan’g

    Now I can see the point why this guy and Taban Deng hatched a plan to assassinate their boss Riek. They seem have planned to get rich over a night by becoming ministers of oil and mining. They are now on it after betraying their leader by changing political side. The are not servants of the people of South Sudan as leaders but looters of South Sudan mineral resources.

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    • 11 May 11:22, by jubaone

      Jur
      When nus-jellaba Taban was governor of Unity State, he received 4-5% of oil revenues for development for the state. This was in was about 2-4m U$ every month. He split this money with the Kiirminal and the rest he established 2 Dubai-based companies. The poor civilians had none and will never experience any development. Who cares anyway. Just "rich and foolish".

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      • 11 May 12:45, by South South

        jur_likang_a_ likan’g and jubaone,

        By June 2018, South Sudan will finish loan payment to Sudan. This means more money from July 2018 will start pouring to Juba. I know that will create pains to two of you, but that ’s the fact. I have pain relief medicines in my bag for you.

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        • 11 May 13:13, by jur_likang_a_ likan’g

          South South,
          You are just an idiot. How much money has been squandered by your uncle Kiir? Not thousands or millions but billions of dollars. However much money you have you will still waste it. What have you done tangible to show you had large sums of money. Just to teach you, I want you to know it is not how much you have but what matters is how you spend it.

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        • 11 May 14:34, by jubaone

          South South,
          From nothing comes nothing. If you jienges didnt make it with the billions, how will you make with just a few million peanuts? That is pocket money for your hungry families in Uganda, Kenya and Australia to pay for rent, school fees and have some cheap Congolese, Kenyan or Uganda prostitutes.

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          • 11 May 17:07, by Eastern

            jubaone,

            An excellent and measured response and question. The jenge failed to properly utilise the billions of petrodollars and instead ended up spending the same on dicking bantu women from neighbouring countries. We will stress Kiir until he quits; the SSP will soon be trading at 1$ = 1,000 SSP.

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          • 11 May 18:07, by South South

            jur_likang_a_ likan’g and jubaone,

            You see when I said two of you will b very fury to hear that something good is going to happen in South Sudan. Continue eating rats you Nyam Nyam, that’s your job, but country is for us.

            repondre message

            • 11 May 18:44, by jubaone

              South South
              Jienge from Abyei "juronit" that is why you have not till now mentioned your luak only bragging about and talking big of Juba. We are "monye kak", the owners of the land not worthless mesiriya or muraheleen jienge slaves. Get out "boy".

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        • 12 May 21:35, by Kuch

          This idiot is just another con artist it seems. Why would a South Sudanese minister even bother to attend any anything that is connected to the UK of old countries? That devil inhabited island is our enemy. If there some evil countries against our country & our people. The English people, the cloned so-called arabs of North Sudan, their gulf Arab states clients states & their evil white Americans>

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          • 12 May 21:39, by Kuch

            The UK, the UK, their UN & some of their creepy allies in between are the ones who have been taken our country & our people hostage. The evils have self appointed their evils selves as their so-called TROIKA countries and they have been using their puppets like Riek Machar, Pagan Amuom, Rebecca Nyandeng, Lam Akol, Thomas Cirillo, Majak Agoot & Co. as their bargaining chips & blackmails>>>

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            • 12 May 21:48, by Kuch

              against our country & our people & the evils think that we will welcome them back into our country so that the evils would come & loot our country like what the evils have been doing in countries like DRC, CAR, Libya, Iraq, Afghanistan, Mali & other countries. My fellow South Sudanese, there is no way under the sun we will live side by side with the evil white Americans, English people,>>>>

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              • 12 May 21:53, by Kuch

                their evil juus, the cloned so-called arabs of North Sudan, their Arabs of Arabia & some of their creep allies in between like ethiopian prostitutes the evils have been using as their conduits to bully our country. The evils will always go & do their damn bullshits in those hotels, brothels & bars of Adis Ababa. But right here on the ground, the bucks will always come & stop with us>>>

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                • 12 May 21:58, by Kuch

                  We have been informing some of our lowly informed Nuers, Shilluks & some Equatorians that their evil white Americans, English people, their UN, their NGOs & some of their creepy allies in between want to occupy our country & to colonize our country by using their so-called ’humanitarian aid, donations, peacekeeping & their so-called human rights scams & a disguised to crawl their evil selves>>>

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                  • 12 May 22:02, by Kuch

                    into our country. But the losers don’t want to listen, but these fools would be the first to wake up like spooked birds later if their evil white Americans, English people, their Arabs of Arabia, their evil juus, their cloned so-called arabs of North Sudan or Abeshas occupy their villages like what the evils have done in Gambella region, Central Kenya, Zambia, Mozambique, Zimbabwe. South Africa>>>

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                    • 12 May 22:07, by Kuch

                      or Namibia. But people are to be honest themselves, not even a single Dinka/Monjieng would be taken over by the evil white Americans, English people, their evil juus, their cloned so-called arabs of North Sudan, their Arabs of Arabia & some of their creep allies in between----reason, PURE HATRED & RACISM. Would want to live with the evil white Americans, their evil juus, English or their arab>>>

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                      • 12 May 22:11, by Kuch

                        in their backyards? Who really want these vermins in their villages? Fellows, the evil white Americans, English people, their evil juus, their cloned arabs of North Sudan, their UN, their sleazy NGOs & some of their creepy allies in between love affair with our country & our people has gone to far. And it must stop. Our country is not damn so-called Anglo-American empire>>>

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                        • 12 May 22:21, by Kuch

                          This is South Sudan a country of people who don’t consider any evil on earth who thinks that he/she can stand over our necks. Our country is not a damn evil white Americans, English people, their evil juus, their UN, their sleazy NGOs & some of their creepy allies in between protectorate nor are our people these evils slaves or subjects. We are going to see what villages who will welcome>>>

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