{"id":26806,"date":"2019-11-21T12:31:39","date_gmt":"2019-11-21T12:31:39","guid":{"rendered":"http:\/\/abdas.org\/?p=26806"},"modified":"2019-11-21T12:31:39","modified_gmt":"2019-11-21T12:31:39","slug":"south-sudan-appeals-to-investors-to-14-oil-blocks","status":"publish","type":"post","link":"https:\/\/abdas.org\/south-sudan-appeals-to-investors-to-14-oil-blocks\/","title":{"rendered":"South Sudan Appeals to Investors to 14 Oil Blocks"},"content":{"rendered":"

\"\"South Sudan invited investors to show interest in 14 blocks newly discovered blocks.<\/p>\n

Petroleum minister Daniel Awow Chuang told about 600 potential investors during the South Sudan Oil and Power conference in Juba that the blocks would be licensed competitively from next year.<\/p>\n

\u201cWe have differentiated around 14 blocks. We are captivating all investors to have a look at these blocks,\u201d Mr Chuang said.<\/p>\n

He said Juba desires to establish a data room for the blocks in two months, before licensing them on a competitive basis from early 2020.<\/p>\n

The government hopes to interest financiers and new investors in the sector especially those with strong connection to other segments of the economy.<\/p>\n

During the two day conference, the government will front resumption of production at key oilfields following a ceasefire and improving business conditions as attractions to investors.<\/p>\n

South Sudan currently produces 175,000 barrels per day, about a third of the potential 500, 000 bpd, despite the sector being broadly unexplored.<\/p>\n

The Oil & Power conference has become a focal selling point for opportunities in South Sudan which is hoping to put years of war behind it with the formation of a transitional government on November 12.<\/p>\n

Taban Deng, South Sudan First Vice President said having petroleum infrastructure such as oil refineries in the region would support alleviate the fuel crises in many countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

South Sudan invited investors to show interest in 14 blocks newly discovered blocks. Petroleum minister Daniel Awow Chuang told about 600 potential investors during the South Sudan Oil and Power … <\/p>\n","protected":false},"author":54262,"featured_media":26807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[480],"tags":[],"class_list":["post-26806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-and-gas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t