Gulf Oil and Gas accountACCOUNT

Nilepet and Glencore Form Oil Marketing JV

Source: Bloomberg 7/12/2011, Location: Africa

Share |
South Sudanís state oil company, Nilepet, has formed a joint venture with Glencore International Plc to market its oil, the managing director of the company said. The joint venture will be called Petro Nile and will be 51 percent controlled by Nilepet and 49 percent by Glencore, Mangok Khalil Mangok said by phone from Juba, South Sudanís capital. The company will start selling South Sudanese oil in August, he said.

Oilfields in South Sudan, which became independent on July 9, produced about 375,000 barrels of crude, pumped mainly by China National Petroleum Corp., Malaysiaís Petroliam Nasional Bhd. and Indiaís Oil & Natural Gas Corporation. The Sudanese authorities in Khartoum have been marketing the crude and exporting it though pipelines to Port Sudan on the Red Sea. Since the end of the civil war 2005, the north and south have split earnings from production in southern oilfields.

Oil & Gas Companies News in Sudan >>

Nigeria >>  11/20/2017 - Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing ...
Egypt >>  11/15/2017 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Sudan Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Sudan >>


Related Links

AO BJ BW CD CG CI CM DZ EG EH ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.