Sudan exported $317 million in crude oil exports in 2020. In 2021, its oil fields produced 59,000 barrels per day (bpd). The Sudan Oil Refinery has the capacity to refine 90-95,000 bpd. The Sudanese government also receives an in-kind royalty payment of 14,000 bpd from the government of South Sudan for oil pipeline transit rights to Port Sudan.
Why is oil important in Sudan?
Oil accounts for most of the Sudanese government’s revenues, and most of the country’s reserves are in the south. Oil has been at the heart of Sudan’s conflict for decades. It is a critically important piece of the Sudanese economy, accounting for half of Khartoum’s revenue and nearly 98 per cent of the southern government’s revenue.
Who owns oil in South Sudan?
South Sudan’s national oil company, Nile Petroleum Corporation (Nilepet), was also involved in allocating licenses. In 2005 Sudan established the National Petroleum Commission to improve the development of the country’s oil resources.
Who are the major foreign players in South Sudan’s oil market?
Prepared by Qiaoe Chen. CNPC, Petronas and ONGC are the main foreign players in South Sudan’s oil market as well. Both GNPOC and Petrodar are headquartered in Khartoum. GNPOC installed oil production and processing facilities for 5 oil fields in the Muglad Basin of South Sudan. Petrodar has facilities in the oil field of Melut Basin in South Sudan.