First Vice President of South Sudan H.E. Taban Deng Gai Calls for More Cooperation with Russia. Image supplied by APO.
The First Deputy President of the Republic of South Sudan, H.E. Taban Deng Gai, has called for a stronger co-operation between Russia and Sudan and encouraged investment opportunities between the two countries.
Den Gai was leading a South Sudanese delegation to the Saint Petersburg International Economic Forum held last week in Russia and amongst others he talked about the importance of South Sudan’s cooperation with Russia when it comes to energy and oil & gas.
With the resumption of peace and security, the government of the Republic of South Sudan has been especially active in attracting investment to the country. These efforts are proving successful: we have recently signed a second Exploration & Production Sharing Agreement for our biggest oil block last month, and are proud to have welcomed sizeable new entrants into our oil licenses over the past few years. We are proud to count Rosneft and other Russian energy companies as the partners of the rebuilding of South Sudan’s economy and oil industry.
Den Gai further talked about the importance the of the Russian support for South Sudan’s political stability and economic prosperity. He welcomed Russia’s various initiatives to strengthen its dialogue with Africa this year, and invited more Russian companies to come and do business in South Sudan.
We have committed to a long-lasting peace, prosperity and security for our people, and have emerged as a true African and global frontier of opportunity where everything is possible and the prospect of building a new world has become a reality.
H.E. Taban Deng Gai also highlighted the numerous investment opportunities offered to foreign investors within South Sudan’s oil industry. These include blocks B1, A1 to A6, E1 and E2, but also opportunities in pipeline infrastructure to the Indian Ocean, and in downstream infrastructure with the Safinat Refinery.
Our energy relations with Russia go beyond that of investments, we welcomed Russia’s support and engagement in South Sudan across the value chain, including when it comes to sharing experiences on local content and developing capacity building programs for our engineers.
H.E the First Vice President was accompagnied by Minister of Petroleum, H.E. Ezekiel Lol Gatkuoth, who invited Russian companies and investors to participate in the upcoming South Sudan Oil & Power Conference in Juba on October 28-30, 2019.