Expect the unexpected from Sudan and South Sudan
Stability in South Sudan could raise production much higher than was agreed with Opec
For a small-scale oil producer, South Sudan could do a lot of damage to Opec's efforts to curtail supply. Neither South Sudan nor its northern neighbour Sudan, is a member of the group-although before the former gained independence in 2011 the unified country applied to join. Now they get their chance, in spirit anyway. As part of the deal with Opec, Sudan agreed to a 4,000-barrels-a-day reduction and South Sudan to cut 8,000 b/d. Complicating the situation is the fractious relationship between the neighbours, and South Sudan's impoverished economy. It depends on oil-a source of revenue heavily reduced by factional ethnic violence, which has caused most production to be shut in, reducing exp
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
