South Sudan Sees $2 Billion in Oil Investments as Only Start
- Minister says next year will bring a swath of new agreements
- Crude output is key to war-torn African nation’s peace plans
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Recent pledges of $2 billion in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said.
Ezekiel Lul Gatkuoth’s prediction comes as the African nation’s warring sides prepare to form a power-sharing government in the latest bid to end five years of conflict. The country, home to sub-Saharan Africa’s third-largest crude reserves, is banking on the restoration of production facilities and increased output to fund an administration that’s expanding to include top rebel officials.