Continental Focus, International Reach

South Sudan in Crude-for-Infrastructure Deal

Wednesday, February 6, 2019

In exchange for South Sudanese crude, Chinese firms will contribute to the country’s infrastructure. China’s Export Import Bank (Eximbank China) will receive 10,000 bpd in exchange for the construction of the Nadapal-Torit-Juba and Juba-Rumbek-Wau highways by Chinese firms.

The news was revealed by Deputy Minister of Information, Lily Albino Akol Akol.

“The Cabinet approved the allocation of 10,000 barrels of our crude oil per day to the Chinese bank Exim. This will be used for the development of road infrastructure, as agreed with China,” Akol Akol said.

South Sudanese authorities have not specified how long the exchange will last.