South Sudan Invites Investors To Put Money In the Country
South Sudan has lifted up flag of partnership with International investors to invest in the country and connect with their national and local companies in the oil sector.
Dr.Riek Machar, the first Vice-President of South Sudan while opening the first day of the South Sudan Oil & Power 2022 conference and exhibition on Tuesday in the capital Juba said that South Sudan is focused on developing its oil sector so that it can use the proceeds from the oil to provide quality education, health and clean water to its populace.
“We call upon Investors to come and invest in our oil sector to boost production so that we can achieve our power desire which is one of the priorities whether from thermal, geothermal, fossil fuels or from hydro or from solar or biomass, we would want to enhance that because it is a big disadvantage if you don’t have power,”Dr.Riek Machar said
Hon. Puot Kang Chol, South Sudan’s Minister of Petroleum said that now that peace have returned to South Sudan, more investors should be willing to put their resources in to the country mainly in the oil sector.
“We are looking for investors to come to South Sudan and to connect with our national and local companies” he said.
NJ Ayuk, Executive Chairman of the African Energy Chamber said as South Sudan Oil & Power 2022 kicks off, and a series of market-focused panel discussions explore key topics and trends across the East African energy industry, a new era of regional investment and development is in sight.
The director said South Sudan and the industry are at a cross roads with global forces and industry forces yet citizens are asking for improved local content so that oil and gas resources are used to profit the nation despite.
Hon. Dhieu Mothok Diing Wol, Minister of Investment, said that the south Sudan is conducive for Investors because there is no more fighting taking place at the moment.
“As Minister of Investment, I can assure you that we have signed peace agreement and we are now peaceful because we are implementing it,” he said.
The minister added that apart from the natural endowments, South Sudan also has competitive regulations and laws that will protect investors.
Hon. Martin Gama Abucha, South Sudan Minister of Mining, said that this is the time south Sudan is in a critical time that needs magnificent investment in energy and minerals sector.
“It is time that we need investment in energy, the transition from fossil fuel to green and clean energy is a demand of the world today without which, our livelihoods will become stagnant,” he continued.
He said that South Sudan mineral sector is rich enough to potentially export not just within Africa but the whole world.
