1640: Government: We are looking for genuine investors in oil and power sectors.

<div>Minister of Petroleum has assured international oil companies interested in investing in South Sudan that regulations are in place for legitimate investments in the fields of oil and power. <br> Puot Kang Chol cautions that there will be no shortcuts in doing business in the oil sector. The minister’s comments come just days after the government launched its first oil licensing round, offering five blocks for exploration. Bidding for this round will close on the 23rd of August. <br> File Pic.</div>