South Sudan Oil Minister Ezekiel Lol Gatkuoth Visited Abdallah Mubarak Al-Khalifa, Acting CEO of the Qatar National Bank (QNB) in Doha, to discuss the need for continued recovery efforts oilfield production.
« Qatar is a friend of Southern Sudan, and Qatar National Bank in particular, has been a true partner in our early years of independence. We look forward to continuing this relationship as our prospects improve and our economy grows, « he said.
Indeed, the country has resumed production on oil fields including Unity in 2019 and aims to increase oil production to 500,000 barrels per day. He wanted the bank’s cooperation in the areas of trade, economic development, support for small businesses and infrastructure projects.
South Sudan produces about 350,000 barrels of oil a day. But with the opening of previously closed oil fields and ongoing rehabilitation of oil fields in operation, the country will produce one million barrels of oil a day by the end of 2019.