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South Sudan seeks investors to boost oil output to 230,000 barrels per day
- 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.
- The government-backed South Sudan Oil & Power conference will put that proposition before investors…
Summary from the original article