Monday, July 13, 2015

Conflict Stifles South Sudan’s Oil Industry

Conflict continues to stifle South Sudan’s oil sector as asset holders reduce their investments and potential investors hold back due to instability.  The global research and consulting firm GlobalData reports oil production in South Sudan has significantly decreased since the end of 2013.  “Prior to the conflict the country was producing around 250,000 barrels per day and production since the conflict began, for the first half of 2015, has been around,160,000. It is mainly...

via Economy - Voice of America

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