• Donation
  • About Us
  • Career
  • Advertise
  • Contact
Friday, July 1, 2022
No Result
View All Result
NEWSLETTER
Africa Eco News
18 °c
Nairobi
  • Climate Change
  • Pollution
  • Energy
  • Wildlife
  • Environment
  • Infographic News
    • HEALTH
    • SPORTS
    • GAMES
      • CODEWORD
      • Sudoku
      • Simple Crossword
    • TODAY
      • HOROSCOPE
      • Quote Of The Day
      • Thought Of The Day
      • Today In History
      • TODAY’S BUSINESS TIP
      • Today’s Currency Exchange
      • Today’s Life Lesson
      • Today’s Personal Finance Tip
      • Today’s Prayer
      • Today’s Stock Market
    • NEWS KIOSK
    • PHOTO GALLERIES/SLIDES
  • AFRICA ECO NEWS TV
  • Climate Change
  • Pollution
  • Energy
  • Wildlife
  • Environment
  • Infographic News
    • HEALTH
    • SPORTS
    • GAMES
      • CODEWORD
      • Sudoku
      • Simple Crossword
    • TODAY
      • HOROSCOPE
      • Quote Of The Day
      • Thought Of The Day
      • Today In History
      • TODAY’S BUSINESS TIP
      • Today’s Currency Exchange
      • Today’s Life Lesson
      • Today’s Personal Finance Tip
      • Today’s Prayer
      • Today’s Stock Market
    • NEWS KIOSK
    • PHOTO GALLERIES/SLIDES
  • AFRICA ECO NEWS TV
No Result
View All Result
Africa Eco News
No Result
View All Result
Home Mining

South Sudan in deal with oil company on foreign direct investment

by admin
December 6, 2016
in Mining
0
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

By SPECIAL CORRESPONDENT
newsdesk@reporter.co.ke
The Government of the Republic of South Sudan and Africa Oil & Power (www.AfricaOilAndPower.com) have agreed to work in partnership on a list of initiatives to promote foreign direct investment in the East African country.
President Salva Kiir Mayardit, of South Sudan, will present a keynote address at Africa Oil & Power, to be held June 5-7, 2017 in Cape Town. The conference will also host a special Market Spotlight session on South Sudan which will feature Minister of Petroleum Ezekiel Lol Gatkuoth alongside key industry leadership to discuss developments in the industry.
The Government of South Sudan has adopted a strongly pro-business attitude with the hope that expansions in the petroleum sector and heightened exploration activity will stimulate its economy. Once one of sub-Saharan Africa’s mightiest hydrocarbon economies, South Sudan has seen oil production decline since the country has grappled with civil conflicts with a rebel faction.
South Sudan currently produces 130,000 barrels per day but is capable of daily output of 500,000 barrels. The Ministry of Petroleum has been undergoing some important negotiations with oil companies to enter the market and has previously considered launching its first licensing round.
The Market Spotlight session on South Sudan will gather the industry’s key participants to discuss developments in the sector, including exploration activity, production outlooks, energy security, corporate finance, downstream and export infrastructure. Africa Oil & Power will produce a range of resources for the South Sudanese government to promote its activities.
“We are truly honored that the Government of South Sudan has agreed to participate in Africa Oil & Power,” said Guillaume Doane, CEO of Africa Oil & Power. “South Sudan has a proud legacy in the petroleum sector and has shown a huge willingness to attract companies to the country and develop its abundance of hydrocarbons. The country recognizes that unlocking those natural resources is vital to fostering economic growth, restoring peace and stability and we hope to be useful in those efforts.”
“South Sudan is truly honored to participate in Africa’s premier energy industry event,” said Ezekiel Lol Gatkuoth, Minister of Petroleum for South Sudan. “Our country strives to restore its rightful place in Africa’s hydrocarbons sector and we see this an opportunity for our head of state H.E. General Salva Kiir Mayardit to outline our vision for the industry and attract investors to South Sudan.”
The participation of the South Sudan government follows the commitment of several high-level government to Africa Oil & Power 2017, including: H.E. Patrice Trovoada, Prime Minister of São Tomé and Principe; and H.E. Francisco Pascual Obama Asue, Prime Minister of Equatorial Guinea; H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea; and Hon. Tina Joemat-Pettersson, Minister of Energy for South Africa.

Help us report stories that expose environmental degradation, deforestation, pollution, poaching and ivory trade, illegal fishing, dumping of toxic waste, e-waste and plastics, illegal mining, climate change and impacts of global warming on different sectors of the economy and communities, not only in Africa, but also across the globe. While traditional news reporting is losing its relevance, serious investigative journalism requires more than basic journalistic skills. To do this we require a lot of resources.
You can either BECOME A SPONSOR or MAKE A CONTRIBUTION


Nelson Mandela once said: “A critical, independent, and investigative press is the lifeblood of any democracy. The press must be free from state interference. It must have the economic strength to stand up to the blandishments of government officials. It must have sufficient independence from vested interests to be bold and inquiring without fear or favor. It must enjoy the protection of the constitution, so that it can protect our rights as citizens.”

If you like our journalism support us to continue bringing you groundbreaking and agenda setting stories.

admin

admin

Next Post

US Navy plans to deploy underwater drones on its destroyers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

World comes together to tackle mercury poisoning

5 years ago

Natural gas and renewables make up most of 2018 electric capacity additions in US

4 years ago

Popular News

    Connect with us

    Newsletter








    Recent Posts

    • What to expect at the UN Environment Assembly this week
    • COP26 ends with Glasgow Climate Pact, a “bridge” to transformative climate action
    • PACJA: COP26 will offer nothing to African people
    • COP26: Surprise deal as US-China pledge ambitious climate action
    • OPINION | Green Industrial Revolution required to get the world to zero carbon emissions by 2050

    Like & Follow us :)

    Share

    About Us

    Africa Eco News

    Shinning light on environmental degradation and conservation in Africa

    • Donation
    • About Us
    • Career
    • Advertise
    • Contact

    Copyright 2018. Africa Eco News. All rights reserved.

    No Result
    View All Result
    • Climate Change
    • Pollution
    • Energy
    • Wildlife
    • Environment
    • Infographic News
      • HEALTH
      • SPORTS
      • GAMES
        • CODEWORD
        • Sudoku
        • Simple Crossword
      • TODAY
        • HOROSCOPE
        • Quote Of The Day
        • Thought Of The Day
        • Today In History
        • TODAY’S BUSINESS TIP
        • Today’s Currency Exchange
        • Today’s Life Lesson
        • Today’s Personal Finance Tip
        • Today’s Prayer
        • Today’s Stock Market
      • NEWS KIOSK
      • PHOTO GALLERIES/SLIDES
    • AFRICA ECO NEWS TV

    Copyright 2018. Africa Eco News. All rights reserved.

    Login to your account below

    Forgotten Password?

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In