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Oil Industry

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Sudan to assume full ownership of oil pipelines by 2016: minister

Sudanese oil minister Makkawi Mohamed Awad announced on Monday 09-06 that an agreement will be signed with a number of Chinese companies by which Khartoum will assume full ownership of the oil pipeline that extends to the South by the end of 2016.

South Sudan earned 1.9$ bn from oil as output boost pledged

South Sudan said it earned $1.9 billion from oil sales in the 12 months through May as the country seeks to restore output lost in nearly six months of conflict.

South Sudan Chaos Halts Prince’s Plan for Oil Refinery

Prohibitive costs, transport difficulties, political instability and growing insecurity have rendered the Frontier Resource Group's plan to build an oil refinery in the north of South Sudan unfeasible for the time being.

South Sudan admits conflict has hampered oil production

South Sudan government admitted on Sunday that the ongoing conflict has affected the country’s oil production, with production now at just 165,000 barrels per day.

Sudan oil industry's lingering questions

A statement attributed to Petroleum Minister Eng. Makkawi Awad that Sudan’s oil reserves stand at 4 billion barrels raises more questions than it gives answers.

Khartoum agrees to assist Juba in restarting oil production in Unity State

South Sudan’s minister of Petroleum and Mining has arrived in Khartoum on a previously unannounced visit to discuss restarting oil production in Unity state following government army’s recapture of the key state from rebel control.

Oil ministers of Sudan and South Sudan affirm increased production from Adariel Field

Sudan's Oil Minister has revealed that the flow of oil from the Adariel oilfield in South Sudan and pumped through pipelines to Port Sudan on the Red Sea has been increased.

Kiir lures foreign investors despite institutional weaknesses

A two-day investment conference, held in the capital, Juba 4-5 December, showcased business and investment opportunities in South Sudan.

South Sudan's New Refineries to Bring Fuel Independence Closer

South Sudan is set to become almost self-sufficient in oil products within a year as two refineries enter production, saving Africa’s newest nation foreign exchange it now uses to buy diesel from neighbors.

China Hopes to Dominate Africa by Boosting Trade Via Indian Ocean

People’s Republic of China (PRC) officials are becoming increasingly apprehensive about the rise in the use of the westward corridor to export oil, diamonds, and rare minerals out of South Sudan and the Central African Republic via Cameroon. In other words, this creates a flow to Atlantic sea and air transportation routes, rather than routes eastward to Indian Ocean trade routes.

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