multi-use oil production line high effiency in sudan

   
multi-use oil production line high effiency in sudan
                                               
                                               
                                               
                                               
  • multi-use oil production line high effiency in sudan
  • Does oil loss lead to better economic performance in Sudan?
  • The conclusion of this paper shows that oil loss has created incentives for better economic performance in Sudan. Reciprocally, South Sudan experiences a premature oil dependence that led to export concentration, institutional degradation, and macroeconomic instability.
  • Do oil rents and export diversification affect economic growth in Sudan?
  • However, we find no evidence of a statistically-significant impact of either oil rents or export diversification on growth either in the short or long run as suggested by the resource curse hypothesis; similarly, we also find no empirical support of an institutional resource curse. The results have important policy implications for Sudan.
  • Why is oil-driven instability preventing economic and export diversification in South Sudan?
  • Inflation rates increased from 45% in 2012 to the peak of 379% in 2016 as can be seen in Figure 13. Hence, the oil-driven instability prevents any efforts to achieve economic and export diversification since it increases the uncertainty over government budgets. Figure 14. South Sudan oil and non-oil revenues (2011¨C2020).
  • 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.