EconomyLens.com
No Result
View All Result
Tuesday, August 26, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

South Sudan says will resume oil production from Jan 8

David Peterson by David Peterson
January 7, 2025
in Economy
Reading Time: 4 mins read
A A
0
100
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

South Sudan's Minister of Petroleum Puot Kang Chol says 'resources will be back to the table'. ©AFP

Juba (AFP) – South Sudan could resume oil production “as early as tomorrow,” almost a year after fighting in neighbouring Sudan ruptured a key pipeline, the government said Tuesday. The landlocked and impoverished country’s vital oil had been shipped to global markets from Port Sudan on the Red Sea, with Sudan taking a cut as a transit fee. But the pipeline was damaged in February clashes between Sudan’s army and the paramilitary Rapid Support Forces, dramatically denting the young nation’s economy.

Related

Bolivia candidate vows to scrap China, Russia lithium deals

Trump advisor says US may take stakes in other firms after Intel

Indian readies for punishing US tariffs

Australia joins countries suspending post to US

Trump moves to fire a Fed governor over mortgage fraud claims

After months of shutdown, South Sudan’s government said production would resume from part of a facility operated by Dar Petroleum Operating Company (DPOC). “The Ministry of Petroleum and partners would like to declare that the kick-off date for DPOC resumption is as early as tomorrow,” Minister of Petroleum Puot Kang Chol said at a press briefing in capital Juba. He said the ministry was “directing DPOC…to immediately embark on the resumption without any delay.” AFP was unable to independently verify if production would restart on January 8.

– ‘Economy is suffering’ – South Sudan, home to roughly 12 million people, took over about three-quarters of the oil reserves from Sudan when it achieved independence in 2011. Despite its oil riches, the world’s youngest nation has struggled to find its footing, battling ethnic violence, chronic instability, poverty, and natural disasters. “We know that our economy is suffering,” said Chol. “We believe with tomorrow’s resumption, that resources will be back to the table.”

However, he underscored it would be a gradual process with a target of 90,000 barrels a day initially. “This is what the pipeline will accommodate in the first phase. And then thereafter, if we have the capacity to increase more than that, we shall do so,” Chol said. Prior to the rupture, it produced more than 150,000 barrels of crude per day, according to bp’s Statistical Review of World Energy. Chol did not give a further timeline as to scaling up production.

The resumption of oil production is expected to provide a much-needed boost to South Sudan’s beleaguered economy. The country is currently grappling with a growing cholera outbreak in the north, where many of those fleeing violence in Sudan end up.

© 2024 AFP

Tags: economic growthoil productionSouth Sudan
Share40Tweet25Share7Pin9Send
Previous Post

Stock markets mostly rise on US optimism

Next Post

Eurozone inflation rises, likely forcing slower ECB rate cuts

David Peterson

David Peterson

Related Posts

Economy

Bolivia candidate vows to scrap China, Russia lithium deals

August 25, 2025
Economy

German, French post offices restrict packages to US over tariffs

August 25, 2025
Economy

Canada removing tariffs on US goods compliant with free trade deal

August 25, 2025
Economy

China Evergrande Group delisted from Hong Kong stock exchange

August 25, 2025
Economy

India’s Modi dangles tax cuts as US tariffs loom

August 24, 2025
Economy

Canada removing tariffs on US goods compliant with free trade deal

August 22, 2025
Next Post

Eurozone inflation rises, likely forcing slower ECB rate cuts

Microsoft announces $3 bn AI investment in India

Hundreds of young workers sue McDonald's UK alleging harassment

US trade deficit widens in November on imports jump

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

French political turmoil sends European stocks sliding

August 26, 2025

Fed Governor Cook says Trump has no authority to fire her

August 26, 2025

EU claims ‘sovereign right’ to regulate tech after Trump threat

August 26, 2025

Stocks drop on France turmoil, Trump’s Fed firing

August 26, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.