pine seeds oil production line in sudan

   
pine seeds oil production line in sudan
                                               
                                               
                                               
                                               
  • pine seeds oil production line in sudan
  • How much oil does Sudan export?
  • Sudan exported $317 million in crude oil exports in 2020. In 2021, its oil fields produced 59,000 barrels per day (bpd). The Sudan Oil Refinery has the capacity to refine 90-95,000 bpd. The Sudanese government also receives an in-kind royalty payment of 14,000 bpd from the government of South Sudan for oil pipeline transit rights to Port Sudan.
  • 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 did the secession of South Sudan affect exports?
  • On the other hand, the share of crude oil decreased from 70% in 2001 to 10% in 2017. Thus, it can be concluded that the loss of oil reserves resulting from the secession of South Sudan in 2011 prompted the diversification of exports in Sudan¡¯s economy replacing oil.
  • Why is South Sudan so oil dependent?
  • This is mainly due to the fact that South Sudan¡¯s economy is highly oil dependent. As can be seen in Figure 7, right after its independence, oil was already representing 99% of the new state export mix.