Sudan lokoil to invest usd60m

Chinese company agrees to invest in South Sudan oil refinery

  • Sudan lokoil to invest usd60m
  • Sudan lokoil to invest usd60m
  • Sudan lokoil to invest usd60m
  • Sudan lokoil to invest usd60m

Chinese firm to build oil refinery in South Sudan Radio

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South Sudan says it is ready to restart pumping oil through Sudan

The promise of oil and gas in South Sudan fDi

  • Will South Sudan restart oil pumping?
  • REUTERS/Jok Solomun/File photo JUBA (Reuters) - South Sudan and Sudan have made progress towards restarting the pumping of South Sudan's crude oil through a pipeline running to a port in its neighbour, South Sudan's finance minister and the president's office said.
  • What happened to South Sudan's oil and gas reserves?
  • Nearly 90% of South Sudan’s oil and gas reserves remain untapped, according to the Ministry of Petroleum. The African Development Bank says South Sudan’s economy contracted by 6% in its 2021 fiscal year, due to the impact of Covid-19 pandemic on the services sector, while agriculture was diminished by floods and locusts.
  • How much oil does South Sudan have?
  • South Sudan’s oil reserves are estimated at 3.5 billion barrels, giving it the third-largest reserves in sub-Saharan Africa, after Nigeria and Angola. Nearly 90% of South Sudan’s oil and gas reserves remain untapped, according to the Ministry of Petroleum.
  • Are political elites syphoning off South Sudan's oil revenues?
  • As part of the peace agreement reached with Sudan in 2005, a portion of the oil revenues are shared. Besides, political elites in South Sudan’s capital Juba are alleged to syphon off a significant portion of the country’s oil revenues with little of the benefits reaching the people.

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