South Sudan signed a Memorandum of Cooperation (MoC) with Equatorial Guinea to regulate the oil and gas relationships between the two African countries.
The US-based ExxonMobil Corporation is in secret talks with Juba to buy a stake in South Sudan’s vast untapped oil deposit, according to a senior-level government source familiar with the negotiations.
South Sudan signed an agreement to renew all oil drilling contracts with China National Petroleum Corporation (CNPC) and Malaysia's Petroliam Nasional Berhad (PETRONAS) for another five years.