South Sudan to launch auction of licenses for eight oilfields
South Sudanese soldiers stand during President Salva Kiir's visit to an oil refinery in Melut, Upper Nile State, on November 20, 2012. PHOTO | HANNAH MCNEISH | AFP
South Sudan will kick-start an auction of licenses to develop eight oilfields around the country later this month, an oil ministry official said on Wednesday.
South Sudan’s oil production has reached 178,000 barrels per day (bpd) and the country aims for output to reach 200,000 bpd within the next two years, the official said at an oil and power conference.
