NilePet, Russia's Rosneft near deal on oil pipeline and refineries

South Sudan, Russia’s Rosneft, on the brink of massive oil deal

Once executed, the partnership will enable South Sudan to refine and transport its oil locally, increase production, cut dependency on neighboring countries’ infrastructure, and boost national revenues. By Emmanuel Mandella South Sudan’s national oil company, Nile Petroleum Corporation (NilePet), is in the final stages of a pact with Russian energy powerhouse Rosneft. The deal, unveiled during the Saint Petersburg International Economic Forum (S…

NilePet, Russia's Rosneft near deal on oil pipeline and refineries

South Sudan National Oil and Gas Corporation, NilePet, has announced that it is close to striking a deal with a Moscow-based Rossneft to install pipelines and oil refineries for the country. In a Facebook post dated June 23rd, Kamal Mabok, who is currently in Moscow attending the Saint Petersburg International Forum, stated that a Memorandum of Understanding has already been reached with Moscow’s oil and gas company in Juba. Mabok said NilePet i…