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South Sudan launches first oil licensing round – New Business Ethiopia
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South Sudan launches first-ever oil licensing round
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South Sudan s Ministry of Petroleum launches first oil licensing round
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Bentiu s oil refinery starts operations
South Sudan has started to operate its Bentiu s oil refinery in Unity State, with a capacity to refine 10, 000 barrels per day (bpd), the deputy managing director of the firm that built the refinery said.
Bentiu’s refinery is a joint venture by Russia’s Safinat and the state-owned Nile Petroleum Corporation (Nilepet). The refinery which was built at a cost of $100 million is one of the five refineries, which will have a total refining capacity of 127,000 barrels per day.
“We have come to the market to reduce the high prices of fuel. Bentiu’s refinery has a capacity to produce 10,000 barrels per day, which include heavy fuel oil or furnace in commercial language. Now, we have received three trucks loaded with that product,” Yak Malong, a deputy managing director for downstream at Nilepet, told reporters in Juba on Saturday.