Africa Oil & Gas: South Africa to invest USD1 billion in South Sudan’s oil sector

Africa Oil & Gas: South Africa to invest USD1 billion in South Sudan’s oil sector

South Africa will invest $1 billion in South Sudan’s oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday. Advertisements

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Africa Oil & Gas: “Insecurity and conflict still hampering South Sudan’s oil” – Petroleum Economist reports

Heavily in debt and still suffering ruinous violence, South Sudan desperately needs to lift oil production and has bright hopes to send exports to neighbouring Ethiopia. The government in Juba has even suggested that output could reach 0.5m barrels a day, the level it says it was pumping before civil war broke out in 2013.

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Africa Intelligence News: The energy side of President Nyusi’s trip to Paris

During his official visit to Paris between July 19-21, Mozambique president Filipe Nyusiheld private talks with executives from Total and Alstom. Since 2012 Total has owned a 40% stake in blocks 3 and 6 operated by Malaysia’s Petronas in the Rovuma basin but up to now no finds have been made on the concessions.

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Mozambique LNG Project: China amongst main markets for Mozambique’s natural gas

China is one of the main future markets for Mozambique’s natural gas and its state oil companies are taking stakes in the consortiums responsible for its export. After Sinopec took a 20 percent stake in a concession in the Rovuma basin, now the China National Offshore Oil Corporation (CNOOC) is the main party interested in buying a portion of the same concession, operated by Italian group ENI, according to the Africa Monitor newsletter. The CNOOC…

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