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Home Energy

South Sudan is still trying to increase oil output and refining

Staff by Staff
June 17, 2021
in Africa, Energy, Oil, South Sudan
Reading Time: 1 min read
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Preliminary Angola July oil export plan shows rise vs June – trading sources
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South Sudan is seeking to ramp up oil output and build refining capacity in an enduring effort to revive an economy that’s suffered from war and a global pandemic.

Oil production accounting for nearly all government revenue has plummeted and operators of mature fields in the northern Upper Nile region have stopped investment, Bol Ring Mourwel, managing director of state-owned Nile Petroleum Corp., said in an interview.

South Sudan’s oil production has declined by half from almost 200,000 barrels a day in 2014, according to Energy Intelligence Group data.

Also read: South Sudan to use its first IMF funding to stabilize currency

The company plans to increase production in Block 5A in Unity State to between 40,000 and 50,000 barrels a day from current levels at about a 10th of that, Mourwel said. A feasibility study will also be conducted for a refinery in Paloch to supply regional markets in Ethiopia and Sudan.

For now, turning the oil industry around will rely largely on the actions of local participants, Mourwel said.

“We have to get credible companies that can come and invest but due to the war in South Sudan, the potential partners and investors are not able to come here because the stability of this country is not in place.”

Related

Via: Bloomberg
Tags: crude oilcrude oil refiningEnergyoilSouth SudanSouth Sudan is still trying to increase oil output and refiningюжный Суданجنوب السودان南スーダン南蘇丹
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