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South Sudan commits to strengthen ties with Qatar National Bank

South Sudan affirms commitment to building infrastructure and funding businesses with support of Qatar National Bank. (Image source: South Sudan Ministry of Petroleum)

The minister of petroleum of South Sudan visited Abdallah Mubarak Al-Khalifa, the CEO of Qatar National Bank (QNB), in Doha

Minister Ezekiel Lol Gatkuoth discussed, in the meeting, the need to continue efforts to resume production at oilfields. He thanked the bank for the technical and financial support given to South Sudan and reaffirmed his commitment to strengthening ties.

QNB was the first Middle Eastern bank to open in South Sudan in 2011 and provided a line of credit to purchase food and fuel in 2014.

The minister further discussed the cooperation between Qatar National Bank and the Republic of South Sudan in the fields of trade, trade, economic development, support for small businesses, and infrastructure projects.

South Sudan has resumed production on vital oilfields including Unity in 2019 and aims to increase oil output to 500,000 bpd.

“Qatar has been a friend to South Sudan, and Qatar National Bank, in particular, has been a real partner during our critical first years of independence. We look forward to continuing this relationship as our prospects improve and our economy grows,” the minister stated.

“Together we have a lot of work to do to bring oil production back on stream at full strength. I have confidence with QBN and our Qatari partners we can go far,” he added.

The Ministry of Petroleum will welcome the global finance sector to the annual South Sudan Oil & Power conference on 28-30 October in Juba.

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