(JUBA) – President Salva Kiir has announced that oil production in South Sudan has resumed, a development he described as a key step towards economic recovery following months of financial uncertainty. The statement was made during the official opening of the First Session of the Revitalized Transitional National Legislature onContinue Reading
(COLOMBO) – Sri Lanka’s intention to explore crude oil imports from South Sudan as part of its energy diversification strategy has drawn concern from a former ambassador to Juba, who warned of significant political, technical and economic risks tied to such a move. Kana Kananathan, Sri Lanka’s former Ambassador toContinue Reading
(KIGALI) – The International Atomic Energy Agency (IAEA) has announced a new initiative to help African countries access financing for nuclear energy projects. Speaking at the Nuclear Energy Innovation Summit for Africa in Kigali this week, IAEA Director General Rafael Grossi said international lenders are now showing a renewed interestContinue Reading
(JUBA) – Crude oil exports from South Sudan and Sudan have increased in recent months, offering a lifeline to international shipping firms operating aframax and suezmax tankers despite ongoing conflict in Sudan. According to industry analysts, the recent uptick in shipments is largely due to progress in repairing critical oilContinue Reading
(London) – The international law firm Reed Smith has been appointed to act on behalf of a Dubai based crude oil trading company in a legal dispute against the Republic of South Sudan. The case involving significant financial claims will be heard through arbitration proceedings in London. The legal matterContinue Reading
(Juba) – A recent directive from the Office of the President has sparked public criticism and calls for financial accountability in South Sudan. The Executive Director in the Office of the President, Hon. Dominic Juk Chom, issued an urgent instruction to the Managing Director of the Nile Petroleum Corporation (NilePet),Continue Reading
(Juba) – High level discussions between Sudan and South Sudan on the future of oil transit and processing arrangements have ended without a formal agreement, exposing deep seated logistical and financial challenges affecting South Sudan’s oil dependent economy. The meetings held in Port Sudan focused on revising the current feeContinue Reading
(Juba) – Sudan and South Sudan remain at odds over a proposed revision to oil transit fees, as talks between the two nations ended without agreement, according to sources quoted by Radio Tamazuj. The fees in question relate to payments South Sudan makes to Sudan to export its oil viaContinue Reading
(Juba) – South Sudan is expected to be one of the leading contributors to East Africa’s fast economic growth in 2025, according to a new report from the African Development Bank Group (AfDB). The country’s gross domestic product (GDP) is forecasted to increase by 4.0 percent, marking a notable recoveryContinue Reading
