Wednesday, August 29, 2018

South Sudan To Boost Oil Production

South Sudan has been devastated by conflict since 2013

South Sudan has announced that it will resume pumping oil next month in areas in which it was suspended in 2013 because of the civil war.

Manufacturing is expected to go back to its normal average of 375,000 barrels per day in three years, with an expected 210,000 barrels via the end of this year.

South Sudan’s output presently stands at 130,000 barrels per day.

The areas wherein production is to resume are in unity state.

The country's economic system is heavily depending on crude oil production and expects to meet those objectives following the completion of maintenance work via the end of the year.

The move to increase manufacturing is part of a ceasefire agreement reached by President Salva Kiir, revolt chief Riek Machar and other armed groups to stop years of civil war.

The war has led to the killing of tens of thousands and the displacement of many more.

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