• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 49 mins Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 day "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 3 days ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 1 day Wind droughts
  • 9 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 6 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 20 hours Australian power prices go insane
  • 4 days Xi Is Set To Be Re-Elected As China’s Leader
  • 2 days Europeans and Americans are beginning to see the results of depending on renewables.
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 42 mins "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 7 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

South Sudan Says Unity Oilfield Production To Resume Soon

South Sudan will restart crude oil production from oilfields in the Unity state within two months, which could potentially derail OPEC and non-cartel producers’ deal to curtail global supply in a bid to reduce inventories and lift oil prices.

According to officials in South Sudan and Sudan quoted by local media, the situation at the Unity state oil sites “is completely secured”, with only minor damage incurred from rebel clashes, which would allow for production resumption within a month or two.

The Governor of the Unity state, Joseph Nguen Manytuil, has said the state was now free of rebels and pledged to mobilize more troops and local communities to protect the oil infrastructure “so that our oil resume production peacefully and as soon as possible without delay”, Sudan Tribune reports.

Earlier this week, South Sudanese embassy officials in the UAE said that South Sudan was determined to increase production despite ongoing civil war and the struggle for control of the country’s government through oil.

“We are planning to increase oil production as oil prices go up to increase our revenue and expand the ways of oil industry. We suffered the most due to low oil prices. Rise in oil prices is good news for us,” Mayom Alier, Deputy Head of South Sudan mission in the United Arab Emirates, said.

Related: Platts Sees OPEC Cuts Eliminating Oversupply By Q3

South Sudan gained independence from Sudan in 2011, but it has been a bloody road to establishing a stable government whose budget is dependent almost fully on oil. In December 2013, civil war broke out when President Salva Kiir Mayardit sacked the cabinet and accused Vice President Riek Machar of instigating a failed coup. The civil war ended in 2015—officially--but clashes have been frequent since.

As regards ramping up production, South Sudan vowed as early as in May of this year to resume pumping from fields that have not been operational since the start of the 2013 civil war. Almost all the oilfields in Unity state were forced to shut down then as well as some others in Upper Nile state.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News