Greater Nile Petroleum Operating Company
| Company type | Joint venture |
|---|---|
| Industry | Oil & Gas |
| Founded | June 18, 1997 |
| Headquarters | , |
| Products | Oil |
| Website | www |
The Greater Nile Petroleum Operating Company (GNPOC) is a petroleum exploration and production company operating in Sudan. It was incorporated on 18 June 1997 and undertook construction of the Greater Nile Oil Pipeline which links Sudan's inland oil fields with refineries at Khartoum and Port Sudan.
The GNPOC concession in the Western Upper Nile area includes the large Unity and Heglig oil fields plus smaller fields at El Toor, El Noor, Toma South, Bamboo, Munga and Diffra.[1]
Stakeholders
GNPOC is a joint operating company owned by:
- China National Petroleum Corporation: 40%
- Petronas Carigali Overseas of Malaysia: 30%
- ONGC Videsh (the overseas arm of ONGC) of India: 25%
- Sudapet (Sudan National Petroleum Corporation, the national oil company of Sudan): 5%
Both Gulf Petroleum and Al Thani Corporation formerly owned a 5% share each. Canadian company Talisman Energy (previously known as Arakis) was an original stakeholder. Its share was sold to ONGC Videsh in 2003.[2][3]
The U.S. government imposed economic sanctions against Sudan in 1997, due to the Sudanese government's sponsorship of international terrorism and poor human rights record. The sanctions prohibit trade between the United States and Sudan, as well as investment by U.S. businesses in Sudan. In February 2000, the U.S. government extended its sanctions to include Sudapet and GNPOC.[4].
See also
References
- ^ GNPOC no date, 'Project overview', www.gnpoc.com. Retrieved on 6 March 2008.
- ^ Anon 2005, 'Focus on diplomacy and Sudan', APS Diplomat News Service, 15 August. Retrieved on 6 March 2008.
- ^ APS Review Downstream Trends 2007, 'SUDAN: The oil sector', www.entrepreneur.com, 29 October. Retrieved on 5 March 2008.
- ^ Oil and gas in Sudan - overview