South Sudan: Reducing Imports and Retaining Revenue through Domestic Refining Capacity
Mar 26, 2021
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Charnè Hundermark, Africa Oil & Power
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Despite holding the third-largest oil reserves in sub-Saharan Africa, until recently, South Sudan did not have an operating oil refinery in-country, therefore relying heavily on regional refined product imports to sustain its growing economy. With the compensation agreement with Sudan set to end in March 2022 – stipulating that South Sudan will compensate Sudan for the loss of oil production revenue and the destruction of pipeline infrastructure caused by the civil war – the country is considering alternative production options to reduce fuel imports and increase domestic refining capacity.