The World’s Newest Nation Holds Landmark Oil Auction

South Sudan aims to hold an oil licensing round by the end of the first quarter next year, inviting oil companies to participate in the tender for 14 oil exploration blocks in one of the newest countries in the world. “We are inviting all our investors that wanted to invest in South Sudan to come and move on to those blocks,” South Sudan’s Oil Minister Awow Daniel Chuang said at the Africa Oil & Power conference on Tuesday, as carried by Reuters. South Sudan broke from Sudan in 2011 and took with it around 350,000 bpd in…