National, News

Oil industry gains momentum with strategic partnerships

By Deng Ghai Deng

 

South Sudanese government is ramping up efforts to revitalize the oil industry as the Ministry of Petroleum seeks to strengthen partnerships with foreign investors.

In a recent strategic meeting, Dr. Chol Deng Thon, Undersecretary of the Ministry of Petroleum, and the Director General of the Petroleum Authority engaged with Chen Jin Tao, Chairperson of the China National Petroleum Corporation (CNPC), to explore opportunities for enhancing oil production across the country.

Dr. Thon emphasized the importance of these partnerships, stating, “the meeting focuses on issues to do with the resumption in blocks 3 and 7, which is DPOC and our recent visit to Port Sudan.

“The visit of Mr. Chen Jin Tao came as a result and following on what was agreed by the 2 Presidents of South Sudan and China where the agreed on CNPC to invest more in South Sudan,” Thon said.

The meeting highlighted plans to expand investment in both existing and new production sites, as well as operationalizing the pipeline network from Palouch to the Marine Terminal.

This infrastructure development is expected to bolster the export flow through the Port Sudan corridor, a crucial route for South Sudan’s oil exports.

As South Sudan continues to navigate the complexities of its oil industry, officials are hopeful that these strategic collaborations will pave the way for increased production and economic growth, solidifying the country’s position in the global oil market.

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