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Gazprom Neft signs MoU with South Sudan – Mr Gatkuoth

Gasoil News - Published on Fri, 23 Nov 2018

Image Source: gazprom-neft.com
Reuters cited Mr Mr Ezekiel Lol Gatkuoth, South Sudan's petroleum minister as saying that Russia's Gazprom Neft has signed a MoU with South Sudan to explore four oil blocks. The oil arm of Russian gas giant Gazprom was awaiting more information on the blocks from the Petroleum Ministry before starting exploration. Gazprom Neft did not respond immediately to a Reuters request for comment.

Other foreign firms active in South Sudan's oil industry include China National Petroleum Corporation (CNPC), Malaysia's Petronas and India's Oil and Natural Gas Corporation (ONGC Videsh).

Mr Gatkuoth said that the country's oil production had risen to 135,000 barrels per day (bpd) from 130,000 bpd in August. He said South Sudan wanted to push production back up to 350,000 bpd, the level achieved in 2011 when the country secured independence from Sudan and before it slid into civil conflict.

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Posted By : Joykumar Irom on Fri, 23 Nov 2018
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