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FinancialNews
27-07-19
S. Sudan seeks to bolster oil, gas industry
(MENAFN) South Sudan is looking to strengthen and reinforce its oil and gas industry through luring foreign investments at the anticipated 3rd Juba oil and gas conference.
During the event, South Sudan will be seeking foreign investors for funds aimed at achieving a recovery in redundant oil and gas projects.
Those projects were not able to go live as a result of lack of funding as well as disruption of which the conflict in the country caused.
Petroleum Minister Awow Daniel Chuang stated: "this year we are planning a lot of things and that's why it is very important to have this conference."
Chuang added: "the "theme of financing" is very strong because most of the projects that we had been pursuing over the years failed because of financing. We have some issues to be addressed in regards to financing whether restructuring of our banking system or the relationship between our banks and international banks."
MENAFN2707201900450000ID1098810663
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