• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 8 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 8 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 8 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 11 days Bankruptcy in the Industry
Biden Administration's SPR Plans Derailed by Oil Price Surge

Biden Administration's SPR Plans Derailed by Oil Price Surge

The Biden Administration cancels planned…

Gas Glut? Not for Long.

Gas Glut? Not for Long.

Low prices invariably stimulate stronger…

South Sudan's Oil Revenues Plunge as Ruptured Pipeline Stalls Exports

South Sudan is struggling to get any money in its budget as its oil exports, on which it depends for 90% of state revenues, are stalled by a ruptured pipeline in neighboring Sudan that is the only outlet for South Sudan to sell its crude.   

Earlier this month, Sudan declared force majeure on crude oil exports from its landlocked neighbor South Sudan, following a major rupture in the pipeline carrying crude from South Sudan to a port in Sudan in an area with active military activity.   

Many of South Sudan’s oilfields cannot send their oil north via the pipeline in Sudan and revenues for South Sudan are plummeting, South Sudanese Finance Minister Awow Daniel Chuang said, as carried by Bloomberg.

“We know that the situation has been exacerbated by the situation in Sudan, the minister told reporters. 

“As all of you know, South Sudan depends on oil for 90% or more of its revenues, and the oil is not flowing from some of the fields that are so critical for South Sudan.”

Due to the plummeting revenues, South Sudan hasn’t been able to pay the salaries of state workers for months. 

The latest conflict in Sudan erupted in April last year, when the Rapid Support Forces (RSF), a paramilitary group, took up arms against the Sudanese army in the capital Khartoum.

Sudan is the only conduit for crude oil exports out of landlocked South Sudan. 

South Sudan broke from Sudan in 2011 and took with it around 350,000 bpd in oil production. However, the only export oil pipeline out of landlocked South Sudan passes through its neighbor to the north, Sudan.

The two countries export primarily the Nile and Dar blends to markets in Asia from Port Sudan via the Bab el-Mandeb Strait. While most of the oil belongs to South Sudan, the two countries together exported some 132,000 bpd of crude oil in 2021.  

ADVERTISEMENT

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