South Sudan and the Oil Sector

From The Official Blog of Amb. David H. Shinn Sun Dec 2 2012, 16:53:00

Global Witness published in November 2012 a report titled "Blueprint for Prosperity: How South Sudan's New Laws Hold the Key to Transparent and Accountable Oil Sector."

The reported noted that aside from its over-reliance on oil, one of South Sudan's biggest challenges is corruption. The good news is that the foundations for sound oil management are being put in place. Building on the transparency commitments enshrined in the Transitional Constitution, South Sudan's Petroleum Act and draft Petroleum Revenue Management Bill set out a clear blueprint for how oil operations, contracts and revenues should be managed.

Global Witness emphasized, however, that the laws are only as good as their implementation. South Sudan's oil sector will not be transparent until the government complies with the standards it is now legally bound to meet.

Click here to read the report.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Africa:   Egypt Snubs Nile Sharing Agreement, Asks for More Time (news)
The Monitor
29 March 2017

Egyptian authorities on Monday, yet again, requested for more time to "consult widely" on the terms and implications of the contentious clauses in the new cooperative framework that seeks to refine ... [read more]

South Sudan:   Govt to Review Steep Hike of Work Permit Fees (news)
The East African
28 March 2017

South Sudan will review the revised work permit fee for foreigners. Cabinet Affairs Minister Elia Lomoro said Tuesday that the government had already formed a committee headed by the Finance Ministry ... [read more]

Sud-Soudan:   Le président Salva Kiir annonce un cessez-le-feu unilatéral (news)
Radio France Internationale
28 March 2017

Le président du Soudan du Sud Salva Kiir a annoncé ce lundi 27 mars un cessez-le-feu unilatéral de ses forces dans le pays. Il a ainsi accédé à une demande de ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!