barrel), and transit fees to the sovereign (US$1.0). In addition, crude oil from blocks 3 and 7 in South Sudan will pay oil transit fees (US$9.1 per barrel) for oil transported through the pipeline in the territory of Sudan.3 The Oil greement has been extended several times since then. As at end-2019, South Sud an
When did Sudan start producing oil?
Significant oil production started in 1999 during the presidency of Omar Al-Bashir; shortly after, the extractive industry accounted for the vast majority of exports. Between 1999 and 2011, the years when Sudan was still in control of the oil fields currently located in South Sudan), the economy grew impressively at an average annual rate of 5.8%.
How does South Sudan export oil?
To export oil, South Sudan relies on a pipeline to Port Sudan on Sudan’s Red Sea coast, as South Sudan is a landlocked country, as well as the oil refining facilities in Sudan. In August 2012, Sudan and South Sudan agreed to a deal to transport South Sudanese oil through Sudanese pipelines to Port Sudan. [ 288 ]
How many refining plants are there in Sudan?
t of service due to high cost of its modernization). In addition, Sudan has three other small refining plants, namely El-Obeid, Shajirah, Abu Gabra, but only El-Obeid is active with a capacity of 10,000 bpd of Nile blend, and produces gaso ine, diesel and fuel oil for electricity generation. In 2019, CNPC du