{"id":91651,"date":"2026-04-09T11:51:58","date_gmt":"2026-04-09T11:51:58","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake"},"modified":"2026-04-09T11:59:28","modified_gmt":"2026-04-09T11:59:28","slug":"nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake","title":{"rendered":"Nilepet Settles $120M Debt as Gulf Petroleum Pursues Stake"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>South Sudan\u2019s state-owned Nile Petroleum Corporation (Nilepet) has cleared $120 million in inherited liabilities and is facing renewed investor interest, with Gulf Petroleum LLC seeking to acquire a 30 per cent stake previously held by Petronas, according to a report presented to President Salva Kiir on Wednesday.<\/p>\n

The update was delivered by Nilepet Managing Director Emmanuel Athiei Ayual, who briefed the president on recent financial and operational developments in the oil sector, including efforts to stabilise the company after taking over assets formerly controlled by Petronas.<\/p>\n

Ayual confirmed that Nilepet has \u201ccleared USD 120 million in Dar Petroleum liabilities inherited from Petronas,\u201d a move he said significantly improves the company\u2019s financial position.<\/p>\n

He noted that settling the debt will enable Nilepet to better meet \u201csalary obligations and support priority Government responsibilities,\u201d while strengthening its role in managing the country\u2019s oil resources.<\/p>\n

The clearance of the liabilities marks a critical step in Nilepet\u2019s transition following Petronas\u2019 exit, removing a key financial burden that had weighed on the company\u2019s operations. Officials say the move could also improve confidence among potential investors looking to enter South Sudan\u2019s oil sector.<\/p>\n

At the same time, the report highlighted growing interest from Gulf Petroleum LLC, with the statement noting that the Qatar-based firm \u201chas expressed interest in acquiring 30 per cent stake previously held by Petronas, now under Nilepet\u2019s control.\u201d If finalised, the deal would introduce a new foreign investor into one of the country\u2019s key oil holdings and reshape the ownership structure of the assets.<\/p>\n

While no agreement has yet been announced, the expression of interest signals a broader push by Nilepet to attract new partners following the restructuring of its portfolio. The company said it remains open to future investment, particularly in major operating blocs such as the Sudd Petroleum Operating Company (SPOC) and the Greater Pioneer Operating Company (GPOC).<\/p>\n

The briefing to Kiir also touched on ongoing efforts to ensure smoother crude oil exports. Following a recent visit to Port Sudan, officials said \u201ckey outstanding financial matters were resolved,\u201d addressing issues that had previously disrupted the flow of South Sudan\u2019s oil.<\/p>\n

Further engagements are expected later this month, with Sudanese oil firms, including Petco and Bapco, set to travel to Juba for additional discussions on transportation arrangements.<\/p>\n

Officials say the combination of debt clearance and potential new investment could help boost oil revenues, though the outcome will depend on the successful conclusion of ongoing negotiations and the entry of new partners into the sector.<\/p>\n

For More News And Analysis About South-Sudan<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. South Sudan\u2019s state-owned Nile Petroleum Corporation (Nilepet) has cleared $120 million in inherited liabilities and is facing renewed investor interest, with Gulf Petroleum LLC seeking to acquire a 30 per cent stake previously held by Petronas, according to a report presented to President Salva Kiir on Wednesday. The update was delivered by […]<\/p>\n","protected":false},"author":84,"featured_media":91650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233],"class_list":["post-91651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-sudan"],"yoast_head":"\nNilepet Settles $120M Debt as Gulf Petroleum Pursues Stake - South Sudan<\/title>\n<meta name=\"description\" content=\"South Sudan\u2019s state-owned Nile Petroleum Corporation (Nilepet) has cleared $120 million in inherited liabilities and is ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nilepet Settles $120M Debt as Gulf Petroleum Pursues Stake\" \/>\n<meta property=\"og:description\" content=\"South Sudan\u2019s state-owned Nile Petroleum Corporation (Nilepet) has cleared $120 million in inherited liabilities and is ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-09T11:51:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-09T11:59:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2026\/04\/sm_1775723278.526716.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nilepet Settles $120M Debt as Gulf Petroleum Pursues Stake\",\"datePublished\":\"2026-04-09T11:51:58+00:00\",\"dateModified\":\"2026-04-09T11:59:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake\"},\"wordCount\":437,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2026\/04\/sm_1775723278.526716.jpg\",\"keywords\":[\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/nilepet-settles-120m-debt-as-gulf-petroleum-pursues-stake\",\"name\":\"Nilepet Settles $120M Debt as Gulf Petroleum Pursues Stake - 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