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FinancialNews


  • 08-08-19

    S. Sudanese oil production surges

    (MENAFN) Oil output in South Sudan stood at more than 180,000 barrels daily after the country imposed hikes by 6,000 barrels.

    This decision to boost oil production comes after operations at Block 1&2 in Manga Oilfield were recommenced following six-years of closure, noted petroleum minister Awow Daniel Chuang.

    Manga oilfields recommencement is expected by the minister to reinforce a goal the government set to lock 200,000 barrels of oil by the end of this year.

    Chuang stated: "this is significant in our production and if we are to translate this figure into money, it would be a significant improvement in our revenue."

    He further added that "I am sure up to the end of this year, we shall be able to increase the production to our previous level to develop other sectors."

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