Bol Ring Mourwel, Managing Director of state-owned Nile Petroleum Corporation in South Sudan, said that his company plans to increase oil production in Block 5A in Unity state to between 40,000 to 50,000 barrels per day (b/d), Bloomberg reported.
Mourwel elaborated, in an interview, that the company also has conducted a feasibility study to build a refinery in Paloch to supply regional markets in Ethiopia and Sudan.
The Managing Director noted that these plans came as part of the South Sudan efforts to revive its economy which was impacted badly by the decline of oil production.
“We have to get credible companies that can come and invest but due to the war in South Sudan, the potential partners and investors are not able to come here because the stability of this country is not in place,” Mourwel said.