ONGC of India - Videsh Ltd. (OVL) has made an investment of around US$ 2.5 billion (spread over Sudan and South 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. After a long break of 5 years, the crude production has recently been resumed from the blocks of GPOC and SPOC.
India's trade with South Sudan is slowly picking up after signing of the Revitalised Peace Agreement by the Government. The main items of Indian imports from South Sudan are oil and timber and India's exports mainly comprise of pharma-products, consumer and household goods, food items, two and three wheeler automobiles. As Indian trade is mainly through third countries (Kenya, UAE), precise data is not available. In 2017, South Sudan reportedly exported $1.23B (mainly crude oil) and imported $532M, resulting in a positive trade balance of $697M.
Some Indian companies are operating in the area of construction, borehole drilling, printing, trading, and services to the oil industry. Indians also run small hotels and supermarkets 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.
Of late, the Mission has started getting lots of trade enquiries and the Indian businessmen from Uganda, Kenya and Khartoum have been visiting Juba to explore business opportunities.
The signing of Revitalised Peace Agreement in September 2018 has created a hope for return of peace and stability in the country.