{"id":1113,"date":"2014-05-30T15:22:38","date_gmt":"2014-05-30T12:22:38","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1113"},"modified":"2015-09-04T09:16:32","modified_gmt":"2015-09-04T09:16:32","slug":"south-sudan-borrows-200-million-to-operate-oil-fields","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/south-sudan-borrows-200-million-to-operate-oil-fields\/","title":{"rendered":"South Sudan Borrows $200 Million to operate oil fields"},"content":{"rendered":"

[twitter-follow screen_name=’oilnewskenya’]<\/p>\n

The Government of South Sudan is reported to have acquired $200 million from oil companies inside its territory as the ongoing civil war continues to cause a crunch on the economy.<\/p>\n

In a report by Bloomberg<\/a> South Sudan also plans to postpone its obligations to settle domestic loans.<\/p>\n

Although no details were released on the lenders the South Sudan News agency quoting an anonymous source said a Chinese company was one of the named companies by finance minister Aggrey Tisa Sabuni.<\/p>\n

Sabuni says the government\u2019s reliance on oil revenue has been hard hit by the 6 month war terming it a “very highly risky situation”.<\/p>\n

“South Sudan borrowed $200 million from oil operators and postponed repayments on domestic loans after the country’s six-month-old conflict cut crude output, the government’s main source of revenue”, South Sudanese Finance Minister Aggrey Tisa Sabuni, was quoted as saying by the Bloomberg.<\/p>\n

This comes even as South Sudanese rebels led by the former vice-president Riek Machar rejected a proposal that the United Nations Mission in South Sudan UNMISS protect oil installations.<\/p>\n

The Riek Machar led force says the enjoining of UNMISS in the affairs of South Sudan would be making the UN complicit in the 5-month conflict.<\/p>\n

The UN security council mid this week adopted resolution 2155 (2014) that extended UNMISS stay in South Sudan even as it condemned attacks on oil infrastructure and their employees urging both sides to protect the country\u2019s only source of revenue.<\/p>\n

The Security Council had also enhanced the security of oil installations among the duties of UNMISS.<\/p>\n

[twitter-follow screen_name=’oilnewskenya’]<\/p>\n","protected":false},"excerpt":{"rendered":"

[twitter-follow screen_name=’oilnewskenya’] The Government of South Sudan is reported to have acquired $200 million from oil companies inside its territory as the ongoing civil war continues to cause a crunch … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7,11],"tags":[335,886,1868,2157,2311,2383,2384,2644],"class_list":["post-1113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-politics","category-top-news","tag-bloomberg","tag-finance","tag-oil-fields","tag-riek-machar","tag-silva-kirr","tag-south-sudan-news","tag-south-sudan-news-agency","tag-unmiss","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/human-rights.jpg?fit=668%2C444&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-hX","jetpack-related-posts":[{"id":310,"url":"https:\/\/www.oilnewskenya.com\/index.php\/chinese-oil-workers-south-sudan-to-juba\/","url_meta":{"origin":1113,"position":0},"title":"Chinese oil workers South Sudan to Juba","author":"Samuel Kamau Mbote","date":"December 20, 2013","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Story by Reuters China National Petroleum Company, a main oil investor in South Sudan, is evacuating oil workers to the capital, Juba, amid continued fighting in the world's newest country, a company official and state media said on Friday. State news agency Xinhua said CNPC planned to fly\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/oil_gas_mining.jpg?fit=625%2C469&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/oil_gas_mining.jpg?fit=625%2C469&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/oil_gas_mining.jpg?fit=625%2C469&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9219,"url":"https:\/\/www.oilnewskenya.com\/index.php\/sudan-south-sudan-sign-continued-oil-cooperation-agreements\/","url_meta":{"origin":1113,"position":1},"title":"Sudan, South Sudan Sign Continued Oil Cooperation Agreements","author":"","date":"September 29, 2020","format":false,"excerpt":"A draft for the development of oil cooperation agreements between Sudan and the State of South Sudan in the technical and economic fields has signed in the context of expanding the horizons of cooperation in the field of oil included the exchange of technical information and the proposed programs to\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Sudan-South-Sudan.jpg?fit=1080%2C720&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Sudan-South-Sudan.jpg?fit=1080%2C720&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Sudan-South-Sudan.jpg?fit=1080%2C720&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Sudan-South-Sudan.jpg?fit=1080%2C720&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Sudan-South-Sudan.jpg?fit=1080%2C720&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5447,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-sudan-president-keynote-speaker-at-africa-oil-power-2017\/","url_meta":{"origin":1113,"position":2},"title":"South Sudan President Keynote Speaker at Africa Oil & Power 2017","author":"","date":"December 5, 2016","format":false,"excerpt":"The conference will also host a special Market Spotlight session on South Sudan which will feature Minister of Petroleum Ezekiel Lol Gatkuoth alongside key industry leadership to discuss developments in the industry The Government of the Republic of South Sudan and Africa Oil & Power have agreed to work in\u2026","rel":"","context":"In \"Africa Oil & Power 2017\"","block_context":{"text":"Africa Oil & Power 2017","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/africa-oil-power-2017\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/oil_sudan.jpg?fit=750%2C499&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/oil_sudan.jpg?fit=750%2C499&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/oil_sudan.jpg?fit=750%2C499&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/oil_sudan.jpg?fit=750%2C499&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2187,"url":"https:\/\/www.oilnewskenya.com\/index.php\/sudan-to-drill-253-wells-in-2015-to-boost-ailing-economy\/","url_meta":{"origin":1113,"position":3},"title":"Sudan to drill 253 wells in 2015 to boost ailing economy","author":"Samuel Kamau Mbote","date":"December 17, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Sudan\u2019s Minister for Oil Makawi Mohamed Awad has said his ministry plans to drill 253 wells next year as the country boosts its oil and gas reserves and seeks to attract foreign investments. 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