sk

Salva Kiir to speak at Cape Town oil, power summit

Embattled South Sudan President Salva Kiir is coming to Cape Town, South Africa, in early June next year to deliver a keynote speech at the Africa Oil & Power 2017, a high-level energy summit set to be attended by several Africa’s political high-ranking officials.

These include South Africa’s energy minister Tina Joemat-Peterson, Equatorial Guinea PM Gabriel Mbaga Obiang, São Tomé and Principe PM Patrice Trovoada, and Francisco Pascual Obama Asue, mines and hydrocarbons minister of Equatorial Guinea.

While Equatorial Guinea is Africa’s third-largest oil producer, war-torn South Sudan currently produces only 130 000 barrels per day instead of a potential daily output of 500 000.

President Kiir, whose armed forces are battling renegade troops loyal to rebel leader Riek Machar, is expected to use the Africa Oil & Power platform to showcase his country’s petroleum potential in a view of attracting foreign investment amid the ongoing war.

The three-year armed conflict has claimed the lives of about 50 000 people and displaced more than 2.78 million people, according to the UN.

Nevertheless, South Sudan’s ministry of petroleum is believed to have been conducting critical negotiations with oil companies willing to enter the market.

A Market Spotlight special session on South Sudan will be hosted at the event, whereby South Sudan petroleum minister Ezekiel Lol Gatkuoth and key industry leaders will discuss the sector’s recent developments.

Issues about exploration activity, production outlooks, energy security, corporate finance, downstream and export and infrastructure are expected to be debated at this special session.

Africa Oil & Power will produce a range of resources for the South Sudanese government to promote its activities, the organisers said.

(with APO, additional reporting and final editing by Issa Sikiti)

Photo: South Sudan President Salva Kiir.

Related Posts Plugin for WordPress, Blogger...

, , , , , ,

Comments are closed.