The minister of Petroleum on Wednesday announced that the government is inviting more refiners and traders to take part in its upcoming competitive tenders for government-owned crude cargoes.
Ezekiel Lol Gatkuoth said ‘due to efforts by the government to increase current production levels, they plan to put more crude on the market and expand the base of buyers.
The minister also said South Sudan would sell its crude via a competitive and transparent tender process for spot and term buyers.
‘Prepayments allow the government to access revenue at competitive rates, especially as the government continues to finance the ongoing peace process,’ he added.
‘The government continues to be optimistic about the potential of South Sudan and the investment opportunities for energy industry players here,’ said Minister Gatkuoth.
Many young South Sudanese look at the oil industry for training, empowerment, innovation, and not just any job but good jobs, he noted.
The minister said the oil industry will continue being the largest investor in the country and therefore has a special responsibility to work with the government and all South Sudanese to ensure that the resources benefit every South Sudanese.