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Oil, export diversification and economic growth in Sudan

  • Sudan beef oil extraction beef oil extraction
  • Sudan beef oil extraction beef oil extraction
  • Sudan beef oil extraction beef oil extraction
  • Sudan beef oil extraction beef oil extraction

Aqueous extraction processing: An innovative

Oil, export diversification and economic growth in Sudan

Oil industry in Sudan ecosonline.org

[PDF] Sudan's Oil Industry Facts and Analysis

  • Why did South Sudan lose oil in 2011?
  • The secession of South Sudan in 2011 triggered a major economic shock with a loss of approximately three quarters of all known oil reserves. As a result of this, Sudan’s oil dependence decreased substantially and abruptly, and no other sector was able to compensate for the loss of oil revenues.
  • Does oil affect export diversification in Sudan?
  • Nour ( 2011 ), in her qualitative study, claims that while oil accelerated growth in Sudan, it also induced a lack of export diversification. The lack of diversification in combination with fiscal dependence on oil resulted also in substantial macroeconomic and fiscal volatility (Nour 2012; Suliman 2016 ).
  • When did Sudan start producing oil?
  • Significant oil production started in 1999 during the presidency of Omar Al-Bashir; shortly after, the extractive industry accounted for the vast majority of exports. Between 1999 and 2011, the years when Sudan was still in control of the oil fields currently located in South Sudan), the economy grew impressively at an average annual rate of 5.8%.
  • How much oil did Sudan export in 1999?
  • In August 1999, less than a year after Talisman came on board, the first oil was exported, earning the Sudanese government $2.2m. Since that time, oil export has amounted to 20-40% of all government revenues.

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