South Africa on Monday signed a deal for the exploration and production of oil in South Sudan, as part of a $1 billion investment in the conflict-torn nation’s struggling oil industry.
South African Oil Minister Jeffrey Radebe described the agreement as “a great deal” for both countries. At its peak, oil production in South Sudan was at 350 000 barrels a day, however production has been crippled, with oil fields severely damaged by almost six years of war. South Sudan’s oil sector is currently dominated by Chinese and Malaysian oil companies, while companies from Russia and Nigeria have also signed deals to explore new oil blocks.
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South Africa inks 'great' oil exploration deal with South SudanSouth Sudan has an estimated 3.5 billion barrels of oil with only 30% of it being explored, Petroleum Minister Ezekiel Lol Gatkuoth said at the signing ceremony. The intra African country trade is welcomed. The issue of African resources being raped and taken by those outside the continent should come to an end. We need each other to develop as a continent. We smell a rat! Let’s get that inquiry ready this one is bad Our_DA EFFSouthAfrica MYANC Haaaaahahaha and just in time. This ANC... eish SAElections2019
Source: ewnupdates - 🏆 30. / 53 Read more »
Newsdeck: S. Africa Signs for South Sudan Oil Block After $1 Billion PlanSouth Africa signed a deal on an oil block in South Sudan as part of a $1 billion investment in the country emerging from civil war. Only the politicians nest of vipers will score from this deal. Any future revenue will go to their pension fund holdings offshore!! More graft being set up crimemind3 The naive assumption being that the risk-adjusted return on an investment in a complex project in a normally war-ravaged country is above than the cost of the US dollar debt used to invest in it. The cluelessness of the cANCer is truly staggering.
Source: dailymaverick - 🏆 3. / 84 Read more »
South Sudan says agrees oil exploration deal with South AfricaThe Exploration Production Sharing Agreement (EPSA) for Block B2 will be signed by Ezekiel Lol Gatkuoth, South Sudan’s Minister of Petroleum and Jeff Radebe, South Africa’s Minister of Energy, the ministry said in a statement.
Source: ewnupdates - 🏆 30. / 53 Read more »
South Sudan rivals meet in bid to salvage stalled peace deal | News | Africa | M&GSouth Sudan’s warring parties will hold talks in Addis Ababa on Thursday, in a bid to salvage a stalled peace deal, with just days to go until a unity government is meant to be formed.
Source: mailandguardian - 🏆 2. / 92 Read more »
Bush fire razes four villages in South Sudan, kills 33A bush fire fanned by gusty winds has gutted four villages in South Sudan's Western Bahr el Ghazal region, killing 33 people, the president's spokesman said.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Bush fire razes four villages in South Sudan, kills 33The spokesman said in a statement late on Monday that 60 other people were in a critical condition after the fire on Sunday and the death toll was expected to rise.
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SA, South Sudan sign six-year oil production sharing agreementMinister of energy Jeff Radebe says the country has committed $1bn to the project How will this benefit me as an energy consumer? Will we see a drop on petrol/diesel price? Or this is one of those deals/pacts that fade away after press conferences? Nobody seems concerned. South Sudan is hardly seen as a stable country and again our money is being invested in another SOE of sorts.
Source: BDliveSA - 🏆 12. / 63 Read more »
SA will not see benefit of oil exploration deal with South Sudan anytime soonIf South Sudan’s power-sharing government, delayed by a further six months, does not materialise, the R14.5 billion deal with South Africa could evaporate. What was the eush to sign this deal . Whos bank account has suddenly increased Y did we make the deal yhen if theres no benefits doesnt make sense No deal for ANC
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South Sudan denies kidnapping, executing prominent criticsSouth Sudan rejects UN allegations its security services kidnapped two prominent government critics exiled in Kenya in 2017.
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SA, South Sudan sign six-year oil production sharing agreementMinister of energy Jeff Radebe says the country has committed $1bn to the project If SA gleans one cent in revenue, and no one gets killed, I would be astonished. R14bn in SA money blown Most likely a failure because big oil companies did not snatch it up. Project likely to fail and then ANC will say we were misled. Is money paid on receipt of crude or in advance . Methinks in advance with substantial commisions. A basic business mistake ? Is Shanduka or any if the Motsepe/Radebe family businesses involved?
Source: BDliveSA - 🏆 12. / 63 Read more »
Jeff Radebe clinches oil exploration agreement with South SudanAn exploration and production sharing agreement has been signed between South Sudan and South Africa’s Strategic Fuel Fund.
Source: SowetanLIVE - 🏆 13. / 63 Read more »