{"id":22248,"date":"2022-08-04T17:38:58","date_gmt":"2022-08-04T17:38:58","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods"},"modified":"2022-08-04T17:54:54","modified_gmt":"2022-08-04T17:54:54","slug":"south-sudans-oil-production-drops-due-to-floods","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods","title":{"rendered":"South Sudan\u2019s oil production drops due to floods"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>South Sudan\u2019s oil production has reduced from the previous 169,000 barrels a day to 156,000 bpd due to heavy flooding, an official said Wednesday.<\/p>\n

Agak Achuil Lual, minister of Finance and Economic Planning said while tabling the 2022\/23 fiscal budget before the transitional national legislative assembly on Wednesday.<\/p>\n

\u201cThe severe floods which have hit South Sudan for the third year in a row have affected oil production which declined from 169,000 barrels per day in the fiscal year 2020\/2021 to 156,000 barrels per day in the fiscal year 2021\/2022,\u201d Achuil said during the presentation of the budget on Wednesday in Juba.<\/p>\n

Achuil said the oil production is projected to drop to around 150,000 bpd per day between 2022 and 2023.<\/p>\n

\u201cThe oil is projected to drop to around 150,000 barrels per day in the fiscal year 2022\/2023. The floods have also affected agriculture output, killed livestock, and have had a severe impact on people\u2019s access t essential services and humanitarian aid.\u201d<\/p>\n

South Sudan ranks third in oil reserves in Sub-Saharan Africa with roughly 3.5 billion barrels produced annually.<\/p>\n

Still, 90% of the gas and oil reserves are untapped, and the government recently said it will begin a licensing bidding process to foreign investors to increase production and revenues.<\/p>\n

Oil fields were destroyed during the civil war and industry figures show the sector went from producing 350,000 barrels per day to 150,000 barrels.<\/p>\n

South Sudan has largely employed Chinese and Malaysian engineers to produce and export the country\u2019s crude to Sudan, where it is processed and sent on to the international market.<\/p>\n

The South Sudan government says it lost more than $4 billion to some 500 oil companies in unpaid taxes since 2011, and the government has enacted measures to recover the money.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. South Sudan\u2019s oil production has reduced from the previous 169,000 barrels a day to 156,000 bpd due to heavy flooding, an official said Wednesday. Agak Achuil Lual, minister of Finance and Economic Planning said while tabling the 2022\/23 fiscal budget before the transitional national legislative assembly on Wednesday. \u201cThe severe floods which […]<\/p>\n","protected":false},"author":84,"featured_media":22247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-22248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nSouth Sudan\u2019s oil production drops due to floods - South Sudan<\/title>\n<meta name=\"description\" content=\"South Sudan\u2019s oil production has reduced from the previous 169,000 barrels a day to 156,000 bpd due to heavy flooding, a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Sudan\u2019s oil production drops due to floods\" \/>\n<meta property=\"og:description\" content=\"South Sudan\u2019s oil production has reduced from the previous 169,000 barrels a day to 156,000 bpd due to heavy flooding, a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-04T17:38:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-04T17:54:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/08\/postQueueImg_9-62ec07dab71af.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"437\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Sudan\u2019s oil production drops due to floods\",\"datePublished\":\"2022-08-04T17:38:58+00:00\",\"dateModified\":\"2022-08-04T17:54:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/08\/postQueueImg_9-62ec07dab71af.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudans-oil-production-drops-due-to-floods\",\"name\":\"South Sudan\u2019s oil production drops due to floods - 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