Nilepet

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Nilepet is the technical, operational and commercial arm of the Ministry of Energy and Mining in the government of the Republic of South Sudan. Nilepet was created to build the national technical capabilities of the Government of South Sudan and to maximize government take of profit oil.[1]

Overview

History

Nilepet was established in 2003 under the Civil Authority for New Sudan (CANS) to link the oil companies with CANS, the then civil government in the liberated areas of South Sudan. Nilepet was incorporated on the 1st day of June 2009 under the New (South) Sudan Companies Act 2003 by the South Sudanese Ministry of Legal Affairs and Constitutional Development.[1]

On 7 November 2011, South Sudanese President Salva Kiir issued an order divesting Sudapet, Sudan's national oil company, of its shares in South Sudan's oilfields and transferring them to Nilepet.[2]

Joint ventures and subsidiaries

In July 2011, the Government of South Sudan released a press statement saying they had formed a joint venture with Glencore International, called Petronile International, with the purpose of marketing the crude oil entitlements of the Republic of South Sudan and of Nilepet in the international markets from July 9th onwards. [3]

Subsidiaries include Geometrics Engineering Company which is responsible for executing engineering projects in the upstream, midstream and downstream segments of the oil and gas industry[4] , the Nile Pipeline Corporation which is tasked with the construction and management of all existing and new pipelines, storage depots and pipeline facilities for exporting South Sudan crude to the international market [5], Nile Refinery Company, and the Nile Geophysical Group which is responsible for seismic acquisition, processing, and interpretation.[6]

References

  1. 1.0 1.1 "About Us" Nilepet official website, retrieved 7 June 2012.
  2. "South Sudan and Sudan at loggerheads over oil talks" Miami Herald, 22 November 2011.
  3. "Press Release" Government of South Sudan website, retrieved 7 June 2012.
  4. "Geometrics Engineering Company" Nilepet official website, retrieved 7 June 2012.
  5. "Nile Pipeline Corporation" Nilepet official website, retrieved 7 June 2012.
  6. "Nile Geophyscal Group" Nilepet official website, retrieved 7 June 2012.