By Sabri Dibaco
President Salva Kiir Mayardit on Wednesday received a comprehensive report on the progress of South Sudanโs oil industry, stressing progress in the operations of Nilepet.
In a press statement from the presidential press unit, Emmanuel Athiei Ayual outlined significant steps made by Nilepet in strengthening its capacity and increasing national participation in the petroleum sector.ย
Emmanuel also said officials from Sudanese oil companies, including Petco & Bapco, will be coming to Juba before the end of the month to have an intensive discussion on the transportation arrangements.
He stated that the Qatar-based company has expressed interest in acquiring a 30 per cent stake previously held by Petronas that is now under Nilepet control.ย
The briefing focused on government initiatives aimed at addressing challenges in the transportation of crude oil, particularly through regional pipelines.ย
Emmanuel emphasized ongoing cooperation with neighbouring countries to ensure the smooth and secure transit of oil exports to global markets.
President Kiir welcomed the progress made and reaffirmed the governmentโs commitment to supporting the oil sector as a backbone of the national economy.ย
He stressed the need for transparency, efficiency, and sustained investment to maximizeย the benefits of oil resources for the people of South Sudan.
The report comes at a time when the government is seeking to stabilize the economy and boost public revenues through improved performance in the oil industry, which remains the countryโs primary source of income.