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South Sudan woos Gazprom to join infra projects
February 26, 2013, 3:49 pm

[Getty Images]

South Sudan proclaimed independence from Sudan on July 9, 2011 [Getty Images]

South Sudan has offered Russian oil and gas company Gazprom to join a number of oil and infrastructural projects.

South Sudanese authorities believe their country is attractive to many international companies since South Sudan boasts vast natural resources including rich oil deposits.

Last week Chol Deng, AlackSouth Sudanese ambassador visited Gazprom’s Moscow office and said Sudanese corporations were impressed by Gazprom-run projects and their substantial yields and would be happy to have the Russian gas holding as a partner.

South Sudan boasts proven oil reserves amounting to 7 billion barrels and the export of hydrocarbons accounts for 98 per cent of the country’s budget.

Gazprom International is a perfect fit for joint cooperations on oil productions, the republic believes.

South Sudan proclaimed independence from Sudan on July 9, 2011 and became the newest member of the United Nations.

When the country was separated , South Sudan took 75 per cent of Sudan’s oil with it.

Border limits, the contested region of Abyei, the disputes over oil and the accusations of harbouring and supporting each other’s rebel groups are among the many conflicts that damage Sudan and South Sudan’s relations.

The South Sudanese government has preliminary agreements on oil deliveries to Israel and is also discussing the possibility of a pipeline construction through Kenya to the Indian Ocean or to Uganda.

Source: Agencies

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