RE: SSMJ Article5 Mar 2024 13:26
Another Interesting Article - I wonder if they are hinting at Savannah Energy here
The president's sentiment was echoed by Joseph Bakosoro, minister of Presidential Affairs, who also doubles as the chairman of the Nilepet Board of Directors. Bakosoro urged oil institutions to desist from unnecessary bureaucracy, which serves as a stumbling block for foreign companies to acquire exploration blocks.
"Too much bureaucracy is bad. Some of our partners came here three years ago, two years ago, even five years ago. And we cannot tell them either yes or no when they are applying to support projects. If you delay friends to discuss and reach a solution with them, then there are two things that might be the reason," he said.
"One, either you, who is being consulted by partners, do not know what you're doing and you continue delaying them because you're ignorant or you're asking for a kickback. This should not be the case."
The minister appealed to oil institutions to ease the investment process for potential foreign partners, reiterating the need for timely feedback on the status of their applications or proposals, adding that South Sudan needs investors in the oil sector to move forward.
"We are a young country. We need to move our country forward. We want to attract partners. Then, we must work with them diligently, authentically, and professionally and tell them yes or no. Too much bureaucracy is bad bureaucracy. Therefore, I'm asking you, please, those in the oil field, attract our friends. When they come, leave everything and do the paperwork with them. If it succeeds, go ahead. If you disagree, tell them so that they go and look for other businesses somewhere," he said.
The country's oil sector remains under the control of foreign partners after the government resolved in October 2023 that Nilepet needed further capacity building to take over the ownership of the country's oil sector.
https://www.southsudanminingjournal.co/en/post/nilepet-hqs-inaugurated-with-presidential-call-for-oil-production-surge/600
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