ONGC of India - Videsh Ltd.
(OVL) has made an investment of around US$ 2.5 billion (spread over
South Sudan and Sudan) in the hydrocarbon sector since 2003. It has
25% Participating Interest (PI) in Greater Nile Oil Project (GNOP)
[Block 1, 2 and 4] in consortium with CNPC of China, Petronas of
Malaysia and Sudapet of Sudan. It has 24.125% PI in Block 5A in
consortium with Petronas and Sudapet.
India's trade with
South Sudan is small. The main items of Indian imports from South
Sudan are oil and timber and India's exports mainly comprise of
consumer and household goods, food items, pharmaceuticals, two &
three wheeler motorcycles. As Indian trade is mainly through third
countries (Kenya, UAE), precise data is not available. South Sudan's
estimated global imports in 2013 were US$ 1.8 billion and exports
approximately US$ 3.0 billion, with Uganda and Kenya being the major
trading partners. South Sudan earned US$ 3.376 billion through oil
exports in 2014. The Barefoot college(The Social Work and Research
Centre) at Tilonia, Rajasthan and Evangelical Prebysterian Church
(on behalf of Government of South Sudan) singed an MOU on August 18,
for establishing a Regional Barefoot Training and Vocational Centre
(RBTVC) in Yei province of Equatoria State, South Sudan to promote
solar electrification in the villages in Yei. MEA also signed an
agreement with Barefoot College for providing funds up to US $
500,000.00 (Rs.2.48 Crores) for establishing RBTVC in South Sudan.
Indian companies are operating in the area of construction, borehole
drilling, printing, trading, and services to the oil industry.
Indians also operate small hotels and a supermarket in Juba. A large
Indian business delegation under the auspices of India-Africa Chamber
of Commerce and Industry, Mumbai visited Juba in April 2013 on an
exploratory mission and had fruitful interaction with the South
Sudanese businessmen for joint ventures and collaborations.