Search results
Results from the WOW.Com Content Network
Oil and gas concessions in Sudan – 2004. Prior to independence, South Sudan produced 85% of Sudanese oil output. [18] The oil revenues according to the Comprehensive Peace Agreement (CPA), were to be split equally for the duration of the agreement period. [19]
The Government of Sudan taxes South Sudan heavily for using the pipeline and its associated infrastructure. The South Sudanese economy is sensitive to changes in global oil prices, with declines severely affecting the country's national income. [2] In June 2021, the ministry launched its first Oil licensing round in Juba. [3]
After South Sudan's independence in 2011, South Sudan's territory included many of the Sudanese oil fields where CNPC (as well as Sinopec) have significant interests. [24]: 165 CNPC is a major investor in South Sudan's oil sector. The company is major stockholder in Petrodar consortiums. [27]
JUBA, South Sudan (AP) — Many of South Sudan’s civil servants have not been paid for months as the government The post With its oil already sold through 2027, South Sudan has no money to pay ...
U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil ...
For premium support please call: 800-290-4726 more ways to reach us
Block 5A is an oil concession in South Sudan. After oil field development began during the Second Sudanese Civil War, Block 5A was the scene of extensive fighting as rival militias struggled for control. [1] Out of an original population of 240,000, an estimated 12,000 were killed or died of starvation and 160,000 were displaced by force. [2]
The main pipeline carrying oil from South Sudan through Sudan for export has been suffering stoppages since last month due to problems linked to the war between Sudan's army and the Rapid Support ...