South Africa and South Sudan Advance Oil Refinery and Exploration Project
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How it started
What happened
South Africa and South Sudan are advancing oil cooperation, which includes the construction of a 60,000 barrels-per-day refinery in Pagak, northeastern South Sudan. The project, which was initially agreed upon more than seven years ago, involves South Africa’s Strategic Fuel Fund holding 90% of the stake, with South Sudan’s Nile Petroleum Corp. holding the remaining 10%. South Africa’s National Petroleum Company is currently conducting terrain reconnaissance and 2D seismic surveys in the Jonglei Sub-Basin to support cost estimation and logistics planning for future seismic acquisition activities.
From timeslive.co.za
Why it matters
The agreement represents a significant joint investment in energy infrastructure and resource acquisition between the two nations. The exploration activities are designed to mitigate environmental and logistical risks associated with the diverse terrain, such as floodplains and swampy areas, necessary for the refinery project.
From timeslive.co.za
Who's involved
- South AfricaIs involved in the oil cooperation, holding 90% of the refinery project stake.
- South SudanIs the location of the refinery project and holds 10% of the project stake.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- South AfricaSpeculative
South Africa might see increased energy security and could improve its resource acquisition through the refinery and exploration efforts.
- South SudanSpeculative
South Sudan could see increased revenue and investment in its energy sector through its 10% stake in the refinery.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could the South Africa-South Sudan oil cooperation affect Gwede Mantashe?The Minister of Petroleum oversees major new oil refinery and exploration project.Likely
- Oil refinery project's risks may impact National Treasury's budgetThe refinery project's financial risks could strain the National Treasury's oversight.Possible
How it developed
Newest first. Tap a step to see who reported it.- South Africa is seeking a survey of an oil block in South Sudan.Sub-event
South Africa and South Sudan advance oil cooperation, including refinery construction and Jonglei surveys.1 source
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The entities involved
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South Sudan
country in East Africa
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South Africa
country in southern Africa
Related events
- Attacks on oil pipelines carrying South Sudanese oil.
- D3 Energy Ltd is conducting oil and gas exploration targeting formations in the Ventersdorp area of South Africa.
- South Sudan must reassess its regional partnerships with Ethiopia.
- Oil exploration in South Sudan is ongoing, alongside a trial concerning complicity in war crimes.