South Sudan and Equatorial Guinea have announced an historic partnership, setting out the terms for a strong bilateral relationship between the African oil and gas producers.

The two nations will use the new partnership as a basis for exchanging information on policy and regulation; promoting upstream, downstream and infrastructure projects; and collaboration between the national oil companies Nilepet and GEPetrol, according to the report on World Oil.com

The Memorandum of Cooperation was signed by Equatorial Guinea’s Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima and South Sudan’s Minister of Petroleum H.E. Ezekiel Lol Gatkuoth.

“Partnership is what fuels the oil industry” said H.E. Ezekiel Lol Gatkuoth. “South Sudan is proud to share its experiences with Equatorial Guinea, and to learn from the great work of our fellow African producer.

"The petroleum industry is crucial to our nation’s development. This agreement signals our dedication to investing in the sector as a driver for South Sudan’s growth.”


“The sharing of resources and knowledge between African oil and gas countries is critical,” said H.E. Gabriel Mbaga Obiang Lima. “Going forward, Equatorial Guinea will work closely with South Sudan for the benefit of our people and our national economies. The lines of communication are open and we look forward to a deep and lasting collaboration.”

Both countries bring decades of oil production experience to the table, and South Sudan is now working to more than double oil output to 290,000 bpd. Equatorial Guinea is nearing the close of its EG Ronda 2016 licensing round.

Equitorial Guinea is on the Equator on Africa's west coast, 2,400kms from landlocked South Sudan, a few degrees north in the centre of the continent, separated by the DRC.


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