{"id":43570,"date":"2023-09-12T16:21:37","date_gmt":"2023-09-12T16:21:37","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry"},"modified":"2023-09-12T16:32:31","modified_gmt":"2023-09-12T16:32:31","slug":"south-sudan-backtracks-on-plans-to-take-over-oil-industry","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry","title":{"rendered":"South Sudan backtracks on plans to take over oil industry"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>South Sudan\u2019s plans to assume control of oil fields from foreign companies, whose contracts expire in 2027, cannot feasibly be realized due to lack of financing and capabilities, Bloomberg has cited the newly independent country\u2019s national planning body as saying during the recently concluded National Economic Conference in Juba, according to the authoritative energy news site Oilprice.com.<\/p>\n

The original plan was for South Sudan\u2019s state-owned Nile Petroleum Corporation (Nilepet) to take over foreign oil operations when contracts expired.<\/p>\n

Private operators in South Sudan\u2019s oil industry include China\u2019s giant CNPC and Malaysia\u2019s Petronas.<\/p>\n

Also on the top of the conference agenda was a plan to create an alternative pipeline that would allow land-locked South Sudan a second outlet for getting its oil to market, bypassing Sudan, which is mired in civil war. While Sudan\u2019s raging war has not yet affected South Sudan\u2019s oil exports, fears are rising that as the conflict continues to intensify, oil will be at risk.<\/p>\n

On Sunday, a drone attack on an open market in Khartoum, the Sudanese capital, killed dozens of people as the country\u2019s military and a rival paramilitary group fight for control.<\/p>\n

Over the weekend, President Salva Kiir, while closing the National Economic Conference said that the war in Sudan, ongoing since April, is wreaking havoc on the region\u2019s economies through a massive influx of refugees.<\/p>\n

There are also mounting fears that South Sudan itself could slide back into civil war amid growing anger over the use of the country\u2019s oil revenues.<\/p>\n

Recovering from civil war itself, which only ended in 2018 with a shaky power-sharing agreement, South Sudan\u2019s economy has not been stabilized. As noted by the Crisis Group, during the war, President Kiir \u201cmortgaged future oil exports for advance loans from a small group of commodity traders and commercial banks, piling up debt while hiding the country\u2019s finances ever further from sight.\u201d<\/p>\n

Crude exports by South Sudan have climbed to their highest level in almost two years despite an ongoing war between Sudan\u2019s government forces and a paramilitary group that erupted in April, Oilprice.com said in August.<\/p>\n

According to the energy news site, South Sudan\u2019s crude shipments now average 154,839 barrels per day, about double March\u2019s figure at 77,419 barrels per day.<\/p>\n

Radio Tamazuj\u2019s efforts to contact the South Sudanese Petroleum Ministry for comment were futile<\/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 plans to assume control of oil fields from foreign companies, whose contracts expire in 2027, cannot feasibly be realized due to lack of financing and capabilities, Bloomberg has cited the newly independent country\u2019s national planning body as saying during the recently concluded National Economic Conference in Juba, according to the […]<\/p>\n","protected":false},"author":84,"featured_media":43568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,293],"tags":[234,265,233],"class_list":["post-43570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nSouth Sudan backtracks on plans to take over oil industry - South Sudan<\/title>\n<meta name=\"description\" content=\"South Sudan\u2019s plans to assume control of oil fields from foreign companies, whose contracts expire in 2027, cannot feasi ...\" \/>\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-sudan-backtracks-on-plans-to-take-over-oil-industry\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Sudan backtracks on plans to take over oil industry\" \/>\n<meta property=\"og:description\" content=\"South Sudan\u2019s plans to assume control of oil fields from foreign companies, whose contracts expire in 2027, cannot feasi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry\" \/>\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=\"2023-09-12T16:21:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-12T16:32:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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-sudan-backtracks-on-plans-to-take-over-oil-industry#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Sudan backtracks on plans to take over oil industry\",\"datePublished\":\"2023-09-12T16:21:37+00:00\",\"dateModified\":\"2023-09-12T16:32:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry\"},\"wordCount\":421,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry\",\"name\":\"South Sudan backtracks on plans to take over oil industry - South Sudan\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg\",\"datePublished\":\"2023-09-12T16:21:37+00:00\",\"dateModified\":\"2023-09-12T16:32:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"South Sudan\u2019s plans to assume control of oil fields from foreign companies, whose contracts expire in 2027, cannot feasi ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg\",\"width\":1280,\"height\":720,\"caption\":\"South Sudan backtracks on plans to take over oil industry\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-sudan\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Sudan backtracks on plans to take over oil industry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/\",\"name\":\"South Sudan\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-sudan\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"South Sudan backtracks on plans to take over oil industry - South Sudan","description":"South Sudan\u2019s plans to assume control of oil fields from foreign companies, whose contracts expire in 2027, cannot feasi ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry","og_locale":"en_US","og_type":"article","og_title":"South Sudan backtracks on plans to take over oil industry","og_description":"South Sudan\u2019s plans to assume control of oil fields from foreign companies, whose contracts expire in 2027, cannot feasi ...","og_url":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry","og_site_name":"South Sudan","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-09-12T16:21:37+00:00","article_modified_time":"2023-09-12T16:32:31+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"South Sudan backtracks on plans to take over oil industry","datePublished":"2023-09-12T16:21:37+00:00","dateModified":"2023-09-12T16:32:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry"},"wordCount":421,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg","keywords":["Africa Press","Africa Press-South-Sudan","South-Sudan"],"articleSection":["all news","economy","head lines","to-homepage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry","url":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry","name":"South Sudan backtracks on plans to take over oil industry - South Sudan","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg","datePublished":"2023-09-12T16:21:37+00:00","dateModified":"2023-09-12T16:32:31+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"South Sudan\u2019s plans to assume control of oil fields from foreign companies, whose contracts expire in 2027, cannot feasi ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#primaryimage","url":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/09\/sm_1694523657.393513.jpg","width":1280,"height":720,"caption":"South Sudan backtracks on plans to take over oil industry"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/south-sudan-backtracks-on-plans-to-take-over-oil-industry#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-sudan\/"},{"@type":"ListItem","position":2,"name":"South Sudan backtracks on plans to take over oil industry"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-sudan\/#website","url":"https:\/\/www.africa-press.net\/south-sudan\/","name":"South Sudan","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-sudan\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts\/43570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/comments?post=43570"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts\/43570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/media\/43568"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/media?parent=43570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/categories?post=43570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/tags?post=43570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}