South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) and Chinese Company Shengli Oilfield Keer Engineering and Construction autographed a deal to construct modern Oil Refinery and Storage Facilities

By Abdul Rahman Bangura-

Photo Credit: Aawsat

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- President of Sokec Wu Song and Managing Director of Nilepet
Muhammad Lino Benjamin autographed a Memorandum of Understanding (MoU) that could envisage the Chinese firm to commence investing in South Sudan.

Benjamin applauded Sokec for its support to the development of the youngest nation in Africa.

“With this MoU, we hope you will be able to translate it into agreements and projects that we will do together,” he noted at the signing ceremony in Juba, the capital of South Sudan.

Wu said Sokec will navigate on investment without hesitation, pegging to enable production capabilities and operational efficiency.

“We will start our preparation work as soon as possible on the refinery and storage facilities,” he remarked.

The high-level delegation from the Chinese firm began a two-day visit on Monday to the oil fields in Tharjiath, Unity State, to inspect the
facilities and examine the current state of the refinery operations.

Kuol Deng Maleith, Director General of Midstream in Nilepet, stated that, the visit by representatives of the Chinese firm exemplifies a
crucial path toward modernizing and extending South Sudan’s oil industry.

He gave premium to the vital steps of international investors in the continued growth of the nation’s oil sector and its broader financial
development.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent