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Juba – Alwadi Newspaper
The President of the Republic of South Sudan, Salva Kiir Mayardit, has received a detailed report on the progress of the country’s oil sector, including the latest updates on the Nile Petroleum Corporation (Nilepet) and ongoing efforts to ensure the smooth flow of crude oil exports to international markets.
The report was presented by Eng. Emmanuel Athiei Ayual following an official visit to Port Sudan on March 29, during which he held discussions with Petrolines and the Bashayer Pipeline Company. The talks focused on operational tariffs and the flow of South Sudan’s crude oil.
According to the report, the visit resulted in the resolution of several outstanding financial issues that had previously disrupted oil exports, paving the way for more stable crude flows and reducing the risk of unexpected interruptions in the future.
In a press statement, the Managing Director of Nilepet confirmed that the company had settled USD 120 million in liabilities owed to Dar Petroleum, debts inherited from Petronas. He noted that this step would strengthen the company’s financial position, enabling it to meet its obligations, including salary payments and key government priorities. He also projected an increase in oil revenues in the coming period.
Officials from Sudanese oil companies, including Petco and Bapco, are expected to visit Juba later this month to discuss transportation arrangements. Meanwhile, Qatar-based Gulf Petroleum LLC has expressed interest in acquiring a 30 percent stake previously held by Petronas, now under Nilepet’s control.
Nile Petroleum Corporation reaffirmed its openness to future investments, welcoming investors in both SPOC and GPOC projects.
