South Sudan resumes pumping 20,000 bpd from oilfield suspended since 2013

South Sudan’s Minister of Petroleum, Ezekiel Lol Gatkuoth, turns a spigot at an oil well at the Toma South oil field to Heglig, in Ruweng State, South Sudan August 25, 2018. (Reuters)
Updated 27 August 2018
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South Sudan resumes pumping 20,000 bpd from oilfield suspended since 2013

  • Production at five of the previously suspended oilfields was expected to reach 80,000 bpd after maintenance work is completed
  • South Sudan’s oil is shipped to international markets via a pipeline through Sudan

KHARTOUM: South Sudan has resumed pumping 20,000 barrels per day (bpd) of crude from the Toma South oilfield, where production had been suspended since 2013, the Sudanese oil minister Azhari Abdulqader said. Production at five of the previously suspended oilfields was expected to reach 80,000 bpd after maintenance work is completed by the end of the year, Abdulqader told a news conference in Khartoum.
South Sudan’s oil output currently stands at 130,000 bpd and is expected to reach 210,000 bpd by year-end, he added.
South Sudan seceded from Sudan in 2011 when output peaked at 350,000 bpd but two years later plunged into civil war. At the time fighting started, production was at about 245,000 barrels per day.
The conflict has killed tens of thousands, displaced an estimated quarter of South Sudan’s population of 12 million and ruined its economy that heavily relies on crude oil production.
South Sudan’s oil is shipped to international markets via a pipeline through Sudan.
The area in which Toma South oilfields lie saw the most intense fighting between rebels and government troops, damaging oil production facilities.
During a visit on Saturday to Toma South, some 20 miles to the border with Sudan, Ezekiel Lol Gatkuoth, South Sudan’s Oil Minister, said the resumption of production in blocks 1, 2 and 4, will bring an additional output of 45,000 barrels per day.
He said the operator of the fields, Greater Nile Petroleum Operation Company, and staff from his ministry were working to ensure full production.
“They will be here in Toma South working seven days a week, 24 hours a day to make sure that the production is not interrupted and also to make sure the central processing facility is operational,” Gatkuoth said.
The return to production and pumping is part of a cease fire and power-sharing agreement that was reached earlier this month when President Salva Kiir, rebel leader Riek Machar and other rebel groups signed a peace deal meant to end the civil war. “I can tell everyone, the production can be more if peace is there and if we are determined to nourished it,” Abdulqader said.


Russia’s RDIF to boost investment deals in Saudi Arabia

Updated 17 January 2019
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Russia’s RDIF to boost investment deals in Saudi Arabia

  • Fund's CEO Kirill Dmitriev leads a delegation of more than 20 Russian business figures to the Kingdom
  • The delegation discussed projects in oil refining, petrochemical, gas chemical and oilfield services

RIYADH: Russian sovereign wealth fund RDIF said on Wednesday it would significantly boost its investments deals with Saudi Arabia in 2019.

The fund’s CEO Kirill Dmitriev led a delegation of more than 20 Russian business figures to the Kingdom to discuss new projects.

Saudi Energy Minister Khalid Al-Falih met Dmitriev in Riyadh and expressed his happiness on the progress they made in the talks and the cooperation between the two countries. 

“Its not only commercial cooperation, but we are also working on scientific research, and we have opened a research center in Moscow University,” Al-Falih said.

The minister said the Russian delegation will also meet officials from Saudi Basic Industries Corporation SABIC and mining company Ma’aden among other companies during their three day visit to the Kingdom.

The delegation discussed projects in oil refining, petrochemical, gas chemical and oilfield services sectors, a Russian Direct Investment Fund statement said.

Al-Falih added that the Russian side has started a rubber plant project in Al-Jubail with Total and Novomet.

RDIF already has a $10 billion investment partnership with the Saudi Public Investment Fun (PIF), with more than $2 billion already invested in projects.

“We extend our cooperation not only on oil cuts but to cooperate in oil services, technology, LG and petrochemicals,” Dmitriev said. “We believe Saudi Aramco can be one of the greatest partners of Russia.”

The CEO said they were continuing to cooperate with PIF in Saudi Arabia through a number of energy investments.

Russian companies are also keen to invest in the Kingdom’s planned $500 billion mega-city NEOM.

“We have companies that have interest to invest in NEOM, we would like to build a port in NEOM, it can be a big port,” Dmitriev said.