Nilepet takes control of Petronas assets in South Sudan

Nile Petroleum Company (Nilepet), South Sudan’s state-owned oil company, has officially taken over the assets of Malaysian oil giant Petronas, marking a significant change in South Sudan’s oil industry.
This acquisition follows the withdrawal of Petronas, prompted by growing operational challenges in the region, notably due to ongoing instability in neighboring Sudan.
Nilepet’s acquisition of these strategic assets comes against a backdrop of steadily declining national oil production, which remains the country’s main economic driver.