Petroleum Africa
Find us on: 
Wednesday, August 10, 2016
South Sudan is looking for funding from China. According to the country’s foreign affairs minister, Deng Alor, the government plans to ask China for a $1.9 billion loan. The loan is to be used for infrastructure projects such as roads and bridges.
“We (usually) present a list. Anything below $40 million, we ask the Chinese government for it to be a grant and anything above 50 million to be a concessional loan. So we are asking for $1.9 billion,” Alor told news conference in the capital Juba.”We want to focus and use this money, the loan that we are going to get from China, on infrastructure like roads, bridges.”
Alor did not give more details on when the money was expected to be disbursed.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
