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President of Sokec Wu Song and Managing Director of Nilepet Muhammad Lino Benjamin signed a Memorandum of Understanding (MoU) to see the Chinese firm immediately begin investing in South Sudan.
Chinese firm Shengli Oilfield Keer Engineering and Construction Company (Sokec) recently signed an agreement with South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) to construct modern oil refinery and storage facilities in South Sudan.
President of Sokec Wu Song and Managing Director of Nilepet Muhammad Lino Benjamin signed a Memorandum of Understanding (MoU) which will see the Chinese firm immediately begin investing in South Sudan. Benjamin hailed Sokec for its contribution to the development of the youngest nation in Africa.
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Wu said Sokec will embark on investment aiming to enhance production capabilities and operational efficiency. Uganda is seeking new investors for its US$4.5 billion refinery after three failed attempts with Russian, South Korean and now US/Italian private companies to raise a critical portion of the required financing.
