JUBA - South Sudan and South Africa on Monday signed a six-year production-sharing agreement for an untapped exploration block in the East African country, where production has been hit by civil war.
The Exploration Production Sharing Agreement for Block B2 was signed by Ezekiel Lol Gatkuoth, South Sudan’s Minister of Petroleum and Jeff Radebe, South Africa’s Minister of Energy, a Reuters reporter at the ceremony said. Block B2 was once part of a 120,000 square kilometer area known as Block B, which was divided into three licenses in 2012 and is thought to be rich in hydrocarbons although very little drilling has been done there.South Sudan became the world’s youngest country after it split from Sudan in 2011. It has one of the largest reserves of crude in sub-Saharan Africa, only a third of which have been explored.
جبهه على الفحم
🐵🐵🐵
Explore wind and solar instead. Oil is a curse.
VusiSambo is this the results of R1.5M chartered jet? How will it benefit South Sudan first then SA? I hope we not in that colonial mentality of exhausting other people’s resources and them not benefiting at all.
the man
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