traditional machine for Oil in South Sudan

Oil in South Sudan The IGC

  • traditional machine for Oil in South Sudan
  • traditional machine for Oil in South Sudan
  • traditional machine for Oil in South Sudan
  • traditional machine for Oil in South Sudan

Opinion| How South Sudan can be inspired by the Petronas

Fields of Control: Oil and (In)security in Sudan and South

South Sudan Countries & Regions IEA International

Energy Transitions and Environmental Protection: Environmental Impact

  • Why is the oil industry important in South Sudan?
  • With the third largest oil reserves in sub-Saharan Africa or an estimated 3.5 billion barrels, the oil industry is the lifeblood of the South Sudanese economy, contributing to a significant portion of the government’s revenue.
  • 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%.
  • When did oil rents become a problem in South Sudan?
  • The first oil rents started materializing already since 1992 (although small in relation to GDP, e.g., 0.017% in 1992 gradually increasing to 0.127% by 1998). Since 2011 (after the cessation of South Sudan), dependence on oil decreased significantly, although in recent years oil rents still contribute to about 1% of Sudan’s GDP.
  • Is Sudan an oil-rich or oil-dependent economy?
  • Sudan is a particularly interesting case to examine. Sudan was not always an oil-rich or oil-dependent economy. 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.

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