South Sudan, Chinese Firm Sign Deal to Construct Modern Oil Refinery
08.27.2024 By Tank Terminals - NEWS

August 27, 2024 [The East African]- Chinese firm Shengli Oilfield Keer Engineering and Construction Company (Sokec) on Friday signed an agreement with South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) to construct modern oil refinery and storage facilities in South Sudan.

 

President of Sokec Wu Song and Managing Director of Nilepet Muhammad Lino Benjamin signed a Memorandum of Understanding (MoU) which will see the Chinese firm immediately begin investing in South Sudan.

Benjamin hailed Sokec for its contribution to the development of the youngest nation in Africa.

“With this MoU, we hope you will be able to translate it into agreements and projects that we will do together,” he said at the signing ceremony in Juba, the capital of South Sudan.

Wu said Sokec will embark on investment without hesitation, aiming to enhance production capabilities and operational efficiency.

“We will start our preparation work as soon as possible on the refinery and storage facilities,” he said.

The high-level delegation from the Chinese firm began a two-day visit on Monday to the oil fields in Tharjiath, Unity State, to inspect the facilities and assess the current state of the refinery operations.

Kuol Deng Maleith, director general of Midstream in Nilepet, said that the visit by representatives of the Chinese firm represents a significant step toward modernizing and expanding South Sudan’s oil industry.

He emphasised the critical role of international investors in the continued development of the country’s oil sector and its broader economic growth.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

The Board of Max Terminals NV Approved the Investment for the Third and Final Phase of Max Terminals
09.19.2024 - NEWS
September 19, 2024 [Linkedin]- On September 12th, 2024, the Board of Max Terminals NV, a GTS comp... Read More
AMG and RWE Sign Deal for 250,000 Tonnes of Green Ammonia Supply
09.19.2024 - NEWS
September 19, 2024 [Manufacturing Today India]- AMG and RWE Supply & Trading have inked a Mem... Read More
Jordan Green Ammonia LLC Signs Land Use Agreements to Advance Green Energy Initiative
09.19.2024 - NEWS
September 19, 2024 [SolarQuarter]- Jordan Green Ammonia LLC (JGA), a prominent player in the rene... Read More
German State Gas Company Seeks Expansion Before Privatization
09.19.2024 - NEWS
September 19, 2024 [Oil Price]- Securing Energy for Europe, or SEFE, is trying to build a stronge... Read More