With aims to expand its footprint and capitalize on the growing potential of South Sudan’s critical minerals sector, national oil company Nilepet promoted the country’s mining prospects and recent developments in the industry during this year’s Critical Minerals Africa 2024 summit.
In an exclusive interview with Energy Capital & Power, Nilepet Board Member Choul Laam indicated that survey data reveals South Sudan’s geology closely mirrors that of the Democratic Republic of Congo, the world’s richest country in terms of minerals resources.
“South Sudan is a greenfield in mining and research has shown promising results,” stated Laam, adding that the country is maximizing its survey and critical mineral mappig program to further understand the geology.
To complement these initiatives, Nilepet established a mining subsidiary, aligning with the Ministry of Mining’s plans to launch a national mining firm.
According to Laam, the subsidiary is poised to leverage Nilepet’s expertise and networks in the oil and gas industry to capitalize on the South Sudan’s critical minerals potential.