Published On: Wed, Aug 30th, 2017

Troubled South Sudan defiant for investments

Troubled South Sudan

KHARTOUM, (CAJ News) – WAR-torn South Sudan is inviting international financiers to invest in its energy industry.
The response has been positive thus far with ministers of petroleum and energy from Kenya, Uganda and Ethiopia, and over 40 executives from Juba-based and international companies lined up to attend the South Sudan Oil and Power 2017 set for October 11-12.
They will join local ministers of petroleum, finance, transport and electricity at the forum President Salva Kiir Mayardit will officially open.
Minister of Petroleum, Ezekiel Lol Gatkuoth, said the route to South Sudan’s peace and prosperity was through a highly developed energy industry, using the technology and investment of our international partners.
“Every resource is here, including strong local private sector support. We extend the hand of greeting to those wishing to seriously explore what our nation has to offer,” said Gatkuoth.
He said the South Sudan Oil and Power was a catalyst for renewal in the energy industry.
“Within the East African Community, South Sudan has an important role upstream leader and ultimately an exporter of products and knowledge. This event gives the government and entrepreneurs a platform to advance that agenda.”
South Sudan, East Africa’s only nation with an established upstream petroleum industry, produces 130 000 barrels of oil per day.
However, the country is afflicted by a civil war that has killed up to 300 000 people.
Some 3,5 million people are displaced.
– CAJ News

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