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.
What is the mining industry in Sudan?
The mining industry of Sudan is mostly driven by extraction fuel minerals, with petroleum accounting for a substantial contribution to the country’s economy, until the autonomous region of Southern Sudan became an independent country in July 2011. Gold, iron ore, and base metals are mined in the Hassai Gold Mine and elsewhere.
Who owns the oil industry in Sudan?
The state-owned China National Petroleum Corporation controls 40 per cent of the largest oil consortiums in Sudan. It has invested heavily in Sudan’s oil infrastructure, including the pipeline to Port Sudan and several refineries in the north. And so it benefits heavily from Sudan’s oil industry, importing billions of dollars of oil per year.
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.