Petroleum / Mining in South Sudan
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BOTSWANA, 2017/05/04
Ghana and Nigeria are the first countries to respond to reports of European companies exploiting weak fuel standards in Africa. Stricter limits on the sulfur content of diesel will come into force on July 1.
Governments in West Africa are taking action to stop the import of fuel with dangerously high levels of sulfur and other toxins. Much of the so-called "dirty diesel" originates in Europe, according to a report published by Public Eye, a Swiss NGO, last year.
The report exposed what Public Eye calls the "illegitimate business" of European oil companies and commodities traders selling low quality fuel to Africa. While European standards prohibit the use of diesel with a sulfur content higher than 10 parts per million (ppm), diesel with as much as 3,000 ppm is regularly exported to Africa.
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BOTSWANA, 2016/05/11
Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development.
But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
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SOUTH SUDAN, 2013/08/28
Sudan earned additional than $230 million in fees for the export of South Sudanese oil this year, official media reported on Sunday, days before a Khartoum deadline to shut the pipelines.
“The government of South Sudan sent the fees for oil transportation to the Sudan Central Bank,” the official SUNA news agency quoted the bank’s assistant governor, Azhari al-Tayeb al-Faki, as saying.
The documented all is $236 million, SUNA said.
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SOUTH SUDAN, 2013/07/20
South Sudan has reduced its oil output and plans to shut it off completely next northern neighbor Sudan insisted production be shut down by Aug. 7,officials said, over allegations of support for rebels that operate across their border.
Sudan said a month ago it would close two cross-border oil pipelines within two months unless South Sudan, its former civil war foe, gave up support for the rebels. Juba denies this.
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SOUTH SUDAN, 2013/07/20
South Sudan will cut oil output to100,000 barrels a day over the weekend as it moves toward a full shutdown, its foreign ministry said on Friday, in a dispute with Sudan over rebels that operate across their shared border.
Sudan, from which the South seceded in 2011, said a month ago it would close two cross-border oil pipelines within two months and insisted that oil production by shut by Aug. 7 unless South Sudan gave up support for the rebels. Juba denies providing such support.
The move is a blow to the economies of both sides, which were hit hard by South Sudan’s 16-month oil shutdown in a row over pipeline fees and disputed territory. Flows of oil, the lifeline for both, had only resumed in April.
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SOUTH SUDAN, 2013/06/11
Sudan's President Omar al Bashir has ordered the closure of Sudan’s oil pipeline transporting South Sudan oil with result from Sunday, as political differences between the two nations takes an extra dip.
The official Sudanese news agency said President Bashir had instructed the Minister for Petroleum, Dr Awad Al Jazz, to close down oil pipelines, which carry oil from South Sudan, as of Sunday, accusing Juba of continuing to provide assistance to renegade and rebel elements fighting Khartoum.
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SOUTH SUDAN, 2013/04/15
Sudan's oil ministry said Sunday that the prime crude from South Sudan reached its territory, bringing both impoverished nations closer to billions of dollars in revenue next a dispute over fees.
"The prime batch of oil by presently arrived on Sudanese land yesterday," Sudan's undersecretary at the petroleum ministry, Awad Abdul Fatah, said. "It's a small testing quantity."
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SOUTH SUDAN, 2013/01/05
South Sudan may have received slightly additional than $10bn (£6bn) in oil revenue from 2005 to January 2012, at the same time as oil production shut down, according to government officials and the World Bank. But development experts have urged the government to begin investing in the country and its people, as basic social services remain scarce.
South Sudan shut down production of oil next a dispute with neighbouring Sudan over transit fees this year. But production is expected to resume in the next few months, next the nations reached an agreement in September.
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UNITED STATES, 2012/07/20
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SOUTH SUDAN, 2012/06/04
The National Ministry of Petroleum and Mining has suspended licenses from the mineral mining companies that were operating in South Sudan, since the country is presently independent and waiting for new mining laws still under discussion in the parliament. In a press interview with the Juba Post, Ag Director General of Minerals and Development, Mr. James Yousif Kundu, disclosed that there were about twenty companies registered, and were operating in South Sudan from 2007 to 2010, but amount of them had been suspended from renewal of contracts.
