JUBA, Oct. 3 (Xinhua) -- South Sudan and China have vowed to strengthen cooperation in the oil sector in a bid to increase production in the east African country's oil industry, a senior petroleum ministry official has said.
Chinese Ambassador to South Sudan Hua Ning on Wednesday held talks with South Sudan's petroleum minister Awow Daniel Chuang over investment opportunities in the country's oil sector.
Mayen Wol, undersecretary of the ministry of petroleum, said the two sides discussed ways of how Chinese oil companies operating in South Sudan can boost their existing exploration and investments, state-owned radio South Sudan Broadcasting Corporation (SSBC) reported Thursday.
"We are going to be friendly to the Chinese companies so that they can extract the oil because this oil is beneficial to all of us," Wol told SSBC.
South Sudan has the third-largest oil reserves in sub-Saharan Africa, estimated at 3.5 billion barrels and much of the reserves being unexplored.
But a civil war that erupted in late 2013 affected the country's oil industry, with production declining from 350,000 barrels per day in 2011 to less than 130,000 in 2014 amid soaring inflation.
Following the signing of a new peace deal in September 2018, conflict reduced and previously closed oilfields have reopened, and the landlocked country is hoping to raise daily output to nearly 200,000 barrels by the end of 2019.
Hua Ning said China is ready to help the world's youngest nation to develop its vast oil resources.
"We will work together with the South Sudanese government and people together to build the oil industry and develop the production capabilities in a sustainable way," Hua said.
"We are pleased to see that oil production has kept growing and it is a great support for the national economy and the peace process of South Sudan." he said.
Newer articles:
- South Sudan President Kiir thanks Egypt for supporting peace deal in his country - 04/10/2019 11:14
- Council to decide South Sudan's EAC membership fate next month - 04/10/2019 10:58
- South Sudan graduates first batch of army instructors to start training unified force - 04/10/2019 08:25
- Vietnamese field hospital in South Sudan wins praise for yeoman service - 04/10/2019 03:34
- South Sudan launches its draft foreign policy - 04/10/2019 00:15
Older news items
- George Clooney John Prendergast: Violence is the business model in South Sudan - 03/10/2019 04:16
- South Sudan, UAE agree to strengthen bilateral relations - 02/10/2019 22:10
- UN Seeks South Sudan Unity Government Even Before Security Deal - 02/10/2019 19:23
- South Sudan factions miss deadline to assemble fighters: peace monitor - 02/10/2019 11:05
- South Sudan main rebel group says will not return to war despite challenges - 02/10/2019 07:42
Latest news items (all categories):
- South Sudan needs ‘civic education’ before elections, says bishop - 16/01/2025 16:42
- South Sudan parties set to resume peace talks in Kenya - 16/01/2025 16:39
- Abandoned but not forgotten – the invisible crisis in South Sudan - 16/01/2025 16:35
- The SAF has committed barbaric atrocities against South Sudanese refugees in Wad Medani - 16/01/2025 16:27
- Syria 2025: The historical Syrian project: From revolution to a modern inclusive civil state - 16/01/2025 16:10
Random articles (all categories):
- South Sudan army loses contact with key town claimed by rebels - 17/01/2014 11:30
- It Is Not in the Interest of South Sudan or its People to Support Rebellion in ... - Sudan Vision - 18/05/2012 23:20
- S.Sudan woos investors as peace deal revives oil industry - 21/11/2018 10:20
- Covid-19: US donates 168,000 J J vaccine doses to South Sudan - 11/12/2021 05:30
- Murray Olds reports in from South Sudan - Radioinfo (subscription) - 25/04/2013 00:41
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 61773 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 22308 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 21496 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 19063 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 18823 times