Oil in South Sudan: Turning Crisis Into Opportunity
May 6, 2014
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Jill Shankleman, New Security Beat
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Outside of donor and humanitarian aid, South Sudan’s economy is almost entirely dependent on the oil sector – and that sector is in crisis.
After a unilateral shutdown of the industry by the government in January 2012 that lasted 15 months, and ongoing partial shutdowns due to internal conflict, not only are current oil revenues drying up, but the prospects for new investment have been nearly destroyed.