13 Killed in Jonglei Clashes Over Disputed Fishing Ground.

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‎Jonglei State, South Sudan. At least 13 people have been killed and more than 20 others injured in renewed communal clashes between the Hol and Ayual communities in Jonglei State, officials confirmed on Thursday. ‎ ‎The deadly fighting broke out on Wednesday at Bioth-Agany Fishing Island, a disputed area between Duk and Twic East counties, after armed youth from the Hol community of Duk reportedly launched an attack on the island currently claimed by the Ayual community of Twic East. ‎ ‎Twic East County Commissioner Juach Arok Juach stated that seven people from his community were killed, seven others wounded, and four remain missing. He added that Hol youth are still occupying the area and tensions remain high. ‎ ‎On the other side, Duk County Commissioner John Chatim confirmed six deaths and 14 injuries among the Hol community.  ‎ ‎“We are urging our youth to cease fighting and allow the government to take over the matter and investigate. There must be accountability,” Chatim s...

Government finalized USD 3 billion with Caltech Investment, to invest in South Sudan oil sector

File: President Salva Kiir Mayardit and Caltech Investment Overseer Mr. Mohamed Malik. 


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The government has finalized a 3 billion US dollar deal with an American Oil company, Caltech Investment, to invest in the oil sector in South Sudan. 


The American- based company will partner with the government to purchase and take over the shares of the Malaysian State-own company, PETRONAS, which is now withdrawing from South Sudan's oil sector.


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The leadership of the American Oil Company led by its Chief Overseer Mohammed Malik met with President Kiir in New York on Friday, marking the official entrance of the American company into the South Sudan's Oil sector.


The Minister of Finance and Planning Dr. Barnaba Bak Chol says the 3 billion US dollar agreement will give an opportunity for South Sudan to grow its oil sector.


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Mr. Bak said 1.2 billion US dollars will be invested in the oil sector, while the rest will go for other vital infrastructure such as roads.


The Chief Overseer of Caltech Investment Mohamed Malik says the acquisition fits appropriately with the company's strategy of expanding and focusing on the delivery of 'Projects that Matter' in South Sudan and the sub Saharan region.


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The Company will partner with the government to buy the Malaysian state-owned company's entire oil and gas asset portfolio in South Sudan for a total cash consideration of up to 1.25 billion US dollars. 


The Chief Overseer of Caltech Investment Mohammed Malik said they are ready to move into South Sudan to begin formal procedures for the takeover .


The company will in the next two months deliver eight hundred million US dollars to South Sudan to kick-start the project.


Caltech Investment, is a world-renowned science and engineering Institute that marshals some of the world's brightest minds and most innovative tools to address fundamental scientific questions and pressing societal challenges.


The market valuation of Caltech Investment totals the endowment Investment portfolio increased to 4.1 billion as close of the fiscal year 2021. 

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