Photograph — Invest in Albania

In line with the government’s plan to raise oil production, South Sudan this week invited investors to submit their interest in 14 newly found oil blocks.

“We have demarcated around 14 blocks. We are inviting all investors to have a look at these blocks,” said Daniel Awow Chuang, the young nation’s Petroleum Minister.

The blocks are expected to be licensed competitively from next year, Chuang told some 600 prospective investors during the South Sudan Oil and Power conference held in Juba.

Before licensing them on a competitive basis from early 2020, a data room for the blocks will be set up in two months time, the minister added.

Read more at The East African

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