South Sudan eyes Western oil investment
Decades of civil unrest, a plunge in oil prices and international sanctions have spooked investors. Now the country's oil minister wants to lure them back
It has been a traumatic birth for the world's youngest nation. Since gaining independence in 2011, South Sudan has been battling civil war, economic disaster, famine and corruption. Seven years on from its split with Sudan, border disputes between the two countries remain a point of serious contention—and a major security risk to operators in the oil industry. In a central London hotel I meet South Sudan's oil minister, Ezekiel Lol Gatkuoth. He is in the capital to catch the onslaught of industry executives who have come to network during International Petroleum Week. He is on a charm offensive to attract upstream investors. "I would like to see BP, ExxonMobil and Chevron—the main players in
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!