South Sudan has an estimated oil reserve of 1.2 billion barrels in the producing areas.
Petroleum and Mining Minister Stephen Dhieu Dau made the revelation while presenting the Mining and Petroleum Policies 2013 to the National Legislative Assembly.Mr Dhieu said the aim of the policies is to develop South Sudan’s minerals for the benefit of its people.
He explained that the policy framework for the mining sector places minerals as means for growth and development.
Mr Dhieu said South Sudan has an estimated oil reserve of 1.2 billion barrels.
He added that the crude resources are managed by the Government but they belong to the people of South Sudan.
The Assembly referred the Mining and Petroleum Policies to the specialized committee of Commerce, Energy and Mining for scrutiny prior and presentation to the House after two weeks.