South Sudan: South Sudan to Offer Oil Blocks for Licensing by Q1 2020

Oct 29, 2019 | Denis Dumo, Reuters
View Original

South Sudan plans to offer 14 oil blocks to exploration companies in a licensing round by the first quarter 2020, its oil minister said on Tuesday, switching from its previous method of direct negotiations with explorers. The country gets almost all its revenue from oil and has boosted output, now at 180,000 barrels per day, as it struggles to rebuild its shattered economy after a five-year civil war.