South Sudan: South Sudan to Split Oil Concession as Lawmakers Question Award

Sep 12, 2014 | Mading Ngor, Bloomberg
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South Sudan plans to split an oil block awarded to Star Petroleum SA, a Luxembourg-registered company, as part of a review of a concession criticized by the country’s lawmakers, Petroleum Minister Stephen Dhieu Dau said.

Block E, which covers 45,000 square kilometers (17,375 square miles), will be divided into two, Dau said in an interview on Sept. 9 in the capital, Juba. The terms were reviewed because the concession was awarded in 2010, the year before South Sudan gained independence from Sudan, he said. A draft agreement is being assessed by the country’s Petroleum and Gas Commission.