Home | News    Tuesday 4 April 2017

South Sudan finance minister says oil exploration will increase production

separation
increase
decrease
separation
separation

April 3, 2017 (JUBA) - After an expected decline that followed consecutive months of a flat production rate in oil production, South Sudanese Finance Minister, Stephen Dhieu Dau, said the oil exploration would increase production.

JPEG - 13.2 kb
South Sudan’s finance minister, Stephen Dhieu Dau, speaks in Juba, 23 July 2013 (Photo: Larco Lomayat)

“The exploration will increase production because there is no new drilling and production has dropped, it comes down to around 130,000 barrels. To my knowledge today, we are below 130,000 -maybe 120,000 or 125,000 barrels per day,” said the minister.

Dau who is a former oil minister said the country had been producing 240, 000 barrels per a day before the start of the war in 2013.

40,000 barrels were from the Unity region and an additional 200, 000 from Block 3 and 7 in the Upper Nile region.

The minister said the intent was to now raise the overall production to at least 160,000 barrels daily.

He attributed the drop in oil production to the lack of new investment in the oil sector.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


The 62nd anniversary of Torit popular uprising 2017-08-17 00:23:12 By Arop Madut Arop As the people of the Republic of South Sudan mark and celebrate the 62nd anniversary of August 18th, 1955 Torit uprising, it would extremely be important to recall the events (...)

What is the value of water? 2017-08-14 21:28:25 By Innocent Ntabana When you and I breathe in fresh air, the amount I inhale affects you in no way. This is because air is abundant and so there’s plenty of it to go around. We actually take it (...)

The paradox of weapons collection in Darfur 2017-08-13 09:13:14 By Mahmoud A. Suleiman As a Sudanese people who long for stability, peace and security, we have no objection to the decision to collect unlicensed weapons throughout Sudan, but our reservation (...)


MORE






Latest Press Releases


New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)

A prominent Sudan Women and Civil rights activist passed away 2017-08-14 21:09:47 The Strategic Initiative for Women in the Horn of Africa (SIHA) Khartoum, Sudan-August 14 2017 In the early hours of Saturday 12th August Fatima Ahmed Ibrahim, a renowned Sudanese leader of the (...)

HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.