South Sudan Welcomes Russian Investment with Rosgeo Agreement

  • Minister of Petroleum signs memorandum of understanding today with ROSGEO of Russia.
  • Agreement strong indication of Russian interest and investment in South Sudan.
  • Rosgeo to explore opportunities including exploration, refining and development of oil and gas acreage.

Russian State Geological Company (Rosgeo) and the Minister of Petroleum of South Sudan have signed a memorandum of understanding (MoU) today in Port Sudan, Sudan, that promises to further Russia’s investment in South Sudan’s energy sector.
Minister of Petroleum H.E. Ezekiel Lol Gatkuoth stated: “South Sudan is a partner that welcomes investors with the knowledge and capacity to develop our world-class resources alongside our own public and private sectors. Rosgeo is such a company, with a depth of understanding of the oil and gas sector that will be a real asset. Russian companies, and companies from all over the world, will be warmly received in Juba.”
Sudan’s Minister of Petroleum and Minerals H.E. Azhari Abdalla was present at the MoU signing. The agreement is said to strengthen relations already established between the Ministry of Petroleum and Rosgeo over recent years.
The ministry and Rosgeo will continue to discuss areas of interest such as the building of a refinery, oil and gas exploration, development of an oil and gas license and other petroleum-related activities in South Sudan.

Share This Article

Share on twitter
Share on facebook
Share on linkedin
Share on reddit
Share on whatsapp
Share on email
Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

Subscribe to our newsletter

Sign up for latest news and event info

Copyright © 2021 Energy Capital & Power. Privacy Policy · Terms of Use