Home | News    Wednesday 26 February 2020

South Sudan continued harmful oil pre-sale practice: UN panel


February 26, 2020 (JUBA) - South Sudan continued to obtain loans guaranteed by future oil sales despite the recommendation by the international financial institutions to stop it due to its negative impact on the country’s external public debt.

On 12 June 2019, President Salva Kiir removed Oil Minister Ezekiel Lol Gatkuoth without elaborating on his sack. However, he instructed the new oil minister Awow Daniel Chuanghe to not demand or accept oil advances before the actual sale of oil production to the international market.

In a report to the UN Security Council dated on November 22, 2019, but released this week a panel of UN experts pointed to the continued lack of transparency in the oil sector in South Sudan.

"The Ministry of Petroleum has not ended the practice of pre-sale financing arrangements for South Sudanese oil, despite the recommendations of the International Monetary Fund," they said in their report.

"Mr Kiir opened a high-level inquiry into the crude oil pre-sale process, in line with the provisions of the Revitalized Agreement on the Resolution of the Conflict in South Sudan. However, the findings of the investigation have not been released," stressed the report.

The experts were not able to verify the financial liabilities of the Government related to oil advances, cargoes and repayment terms, according to the report.

Also; the panel member further said they had been unable to verify the financial liabilities of the Government related to oil advances, cargoes and repayment terms because the Government has not released current data on oil sales or published its marketing report, in accordance with the stipulations in the Agreement on transparency and accountability.

Thanks to the rapid rehabilitation of oil fields in the former Unity State, South Sudan’s oil production reached 175,000 barrels per day in September 2019, approximately 35 per cent higher than the output in September 2018.

The war-ravaged country is expected to produce close to 200,000 barrels per day in 2020.


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.
  • 26 February 2020 17:27, by Paul

    Accumulating high end debt is a terrible business for an undeveloped country such as South Sudan. It will affect the country negatively in the future and places a heavy burden on the future generations. Debtors could also legally claim much of land should the country fall behind on payments. This is very serious!!

    repondre message

Comment on this article

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

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

South Sudan elections must be held on time 2021-04-18 07:30:37 The Government is bent on postponing the elections: a response to the statement of the Ministry of Presidential Affairs dated 14 April 2021. By Lam Akol The Press Secretary of the President of (...)

Wonders never cease in South Sudan 2021-04-12 17:54:40 By Lul Gatkuoth Gatluak The firing and appointment of the chief of General staffs in South Sudan is another reckless procedure as far as military reshuffling is concerned. The service lifespan (...)

On the legitimacy of President Salva Kiir 2021-04-04 17:15:11 by Dr Akec Khoc On March 24th 2021, Nhial Deng Nhial, Minister of Presidential affairs stated that President Salva Kiir is not imposing himself on the citizens. In response to this statement, I (...)


Latest Press Releases

S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)

Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)


Copyright © 2003-2021 SudanTribune - All rights reserved.