soyabean oil extraction in South Sudan

Oil in South Sudan The IGC

  • soyabean oil extraction in South Sudan
  • soyabean oil extraction in South Sudan
  • soyabean oil extraction in South Sudan
  • soyabean oil extraction in South Sudan

Oil, export diversification and economic growth in Sudan

OIL PRODUCTION IN SOUTH SUDAN: MAKING IT A

Rhizobacteria Communities of Phytoremediation Plant

Oil, export diversification and economic growth in Sudan

  • 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%.
  • 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 ).
  • 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.
  • What is the future of soybean production in Africa?
  • Soybean production is expected to dominate in the future in Africa due to its cash crop value from oil extraction and animal feed. Governmental and agro‐industries can help provide the required economic opportunities through improved soybean‐based supply chains involving consumers and producers.

Maybe you will like