How did Chevron contribute to the development of Sudan’s oil sector?
minated in the development of Sudan¡¯s oil sector. U.S. oil giant Chevron, as the first foreign company to invest in the oil sector in Sudan, conducted extensive onshore exploration activities from 1974 onward, mapping out the Muglad and Melut basins, with major discoveries at Bentiu (l
What role does oil play in Sudan’s economy?
Middle East and Central Asia Dept. The oil sector has played a crucial role in Sudan¡¯s politics and economy, but Sudan lost 75 percent of crude oil production after the secession of South Sudan in 2012.
Who are the major foreign players in South Sudan’s oil market?
Prepared by Qiaoe Chen. CNPC, Petronas and ONGC are the main foreign players in South Sudan¡¯s oil market as well. Both GNPOC and Petrodar are headquartered in Khartoum. GNPOC installed oil production and processing facilities for 5 oil fields in the Muglad Basin of South Sudan. Petrodar has facilities in the oil field of Melut Basin in South Sudan.
How much would South Sudan pay for crude oil?
South Sudan would also pay Sudan US$11 per barrel for crude produced in block 1, 2, and 4 in South Sudan, including oil processing fees (US$1.6 per barrel), transportation fees (US$8.4 per barrel), and transit fees to the sovereign (US$1.0).