South Sudan Courts Oil Investors as Sudan’s Warring Forces Take… | HappeningNow.news

Energy · 3 views

South Sudan Courts Oil Investors as Sudan’s Warring Forces Take Their Share

Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.

Source Summary Published 59m ago Brief Under 1 min brief
Story intelligence
Coverage Single outlet Single-outlet story
Views 3 Community interest
Brief read Under 1 min brief 84 words

Summary

Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. 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. Captive to neighboring Sudan’s civil war, South Sudan is essentially divvying up its oil, under duress, between the Sudanese Army and the rival paramilitary RSF, which extract payment before the oil can reach the Red Sea.

Read original at OilPrice

More from Energy

Continue reading recent Energy coverage

Support HappeningNow

Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.

Support HappeningNow

Report an issue with this page