South Sudan tripled the amount of oil it’s providing to the Export-Import Bank of China to fund the nation’s biggest infrastructure-development project.
The East African country will provide 30,000 barrels per day of crude to the state-owned lender, up from 10,000 barrels it agreed in February, Information Minister Michael Makuei Lueth told reporters Friday in the capital, Juba. The country currently produces about 170,000 barrels per day, according to the Petroleum Ministry.
South Sudan, which became independent in 2011, is rebuilding an economy shattered by five years of civil war in which almost 400,000 people died. It’s also reviving oil production that declined by two-thirds to about 120,000 barrels per day because of the conflict.
“We have adopted the policy of oil for development,” Lueth said. ‘The cabinet approved an additional 20,000 drums to make it 30,000 drums per day to be deposited in an account in China for infrastructure, especially for the roads and other development.”
The crude will fund projects including a 392-kilometer (244-mile) road from Juba to Rumbek in the central region, with work set to begin in mid-April. Other routes are planned from the south to the Bahr el-Ghazal region and from Juba to Nadapal on the Kenyan border.
China’s Shandong Hi-speed Co. is carrying out the construction, which will take 36 months to complete, Lueth said.
Newer articles:
- Army reportedly clashes with riot police during anti-government sit-in protest in Sudan - 08/04/2019 05:45
- ‘Just Fall, That’s All’: Sudan Protests Seeking Al-Bashir Ouster Gain Ground - 07/04/2019 20:36
- Cattle paid to South Sudan families after girls died in Catholic school fire - 07/04/2019 18:57
- New report shines a light on UN’s peacekeeping in South Sudan - 07/04/2019 18:32
- Is oil money fuelling war in South Sudan? - 06/04/2019 01:47
Older news items
- South Sudan: Note to Humanitarians - Strengthen the Group, Not Just the Individual - 05/04/2019 08:57
- WHO, South Sudan Roll Out Smart Interactive Visualization Initiative To Empower Routine Immunization Line Managers - 05/04/2019 07:07
- Kiir, Museveni discuss South Sudan peace implementation - 04/04/2019 17:00
- South Sudan: UN Gives U.S.$11Million to Resettle Families - 04/04/2019 14:18
- South Sudan renews call for holdout groups to join peace process - 04/04/2019 09:28
Latest news items (all categories):
- The Jieng’s Actions Indicate that they Desire Independence - 08/07/2025 20:42
- Uganda, South Sudan Commit to Strengthening Trade and Bilateral Relations - 08/07/2025 20:06
- South Sudan's president fires army chief after seven months in post - 08/07/2025 20:04
- U.S. entrepreneurs want to tear up the international aid system’s rulebook - 08/07/2025 19:59
- برنامج الأغذية العالمي يسقط مساعدات جوا بجنوب السودان - 08/07/2025 19:47
Random articles (all categories):
- Bashir declares ceasefire in Blue Nile, South Kordofan: Sudan army - 17/06/2016 16:13
- Save South Sudan from destroying itself - 29/11/2016 08:07
- South Sudan humanitarian situation could worsen: UN - 03/08/2016 04:21
- South Sudan David Yau Yau Defects for the Second Time - AllAfrica.com - 09/04/2012 09:03
- South Sudan assures foreign ministry special envoy of taking care of India's ... - Times of India - 05/04/2012 03:26
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 118326 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 22806 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 22643 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 21948 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 19720 times