EnergyEnergy: changes to oil or gas supply can affect Gulf export revenue and Kuwait fuel costs.
South Sudan's oil push could struggle while Sudan's warring factions take a share of the crude.
South Sudan Courts Oil Investors as Sudan’s Warring Forces Take Their Share
In simple terms
South Sudan is courting fresh capital for 14 exploration blocks and a production increase from roughly 170,000 barrels per day to 230,000, which investors would find impossible to control once those barrels left the country.
The News
South Sudan is seeking new investment for 14 oil exploration blocks and is pursuing an increase in crude output from about 170,000 barrels per day to 230,000 barrels per day. The pitch comes as fighting continues in neighboring Sudan, whose warring factions are described as taking a share of the…
Why it matters for the Gulf
- South Sudan seeks investors for 14 oil exploration blocks.
- It targets output rising from 170,000 to 230,000 barrels per day.
- Gulf oil buyers could face uncertain supply from this region.
Earlier coverage
Earlier coverage on GreyNews
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