South Sudan warns of reduction in oil production if fighting continues
June 30, 2015 (JUBA) - The South Sudanese government warned it may experience reduction in oil production if no peace agreement is reached with armed opposition under the leadership of former vice president turned rebel leader, Riek Machar. JPEG - 53.6 kb A worker at the power plant of an oil processing facility in South Sudan’s Unity state on 22 April 2012 (Photo: Reuters) he South Sudanese finance minister, David Deng Athorbei announced that the resources of the government were overstretched to cater for developmental projects. "Our resources remain constrained until peace is achieved. I recognise this plan is ambitious under the current circumstances, but I also believe that the priorities I have outlined are the utmost necessity in the achievement of a lasting peace settlement”, Athorbei said in a statement he delivered to members of parliament on Monday. The minister said the government was expecting oil revenues to amount to three million one hundred and eighty six South Sudanese pounds although the production has been cut by at least a third since the country descended into war, resulting in many oil wells damaged and output and caused decline at functioning fields due to reduction and withdrawal oil workers from oil fields. The country’s petroleum and mining minister, Stephen Dhieu Dau announced in May that oil production had dropped to 165,000 barrels per day from between 168,000 and 169,000 barrels per day in January. Dau attributed the drastic fall in oil production to technical reasons as opposed to fighting in oil producing areas. The budget, estimated at SSP 10.8 billion is smaller than the last year’s budget which stood at SSP 11 billion, which depended heavily on borrowing about $1 billion from oil companies to help cover repayments on domestic loans and previous oil advances. (ST) Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect. - No inciting violence - No inappropriate or offensive language - No racism, tribalism or sectarianism - No inappropriate or derogatory remarks - No deviation from the topic of the article - No advertising, spamming or links - No incomprehensible comments Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site. There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to [email protected] Kind regards, The Sudan Tribune editorial team. 1 July 06:56, by Mi diit After capturing Malakal, Doleib and securing Akoka, freedom fighters are now matching toward the main Paloich oilfields. Government forces are hiding east of Akoka and are being besieged. This government will soon collapse and a new one will rebirth a new prosperous, stable republic of South Sudan. -- To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] Visit this group at https://groups.google.com/d/forum/southsudankob View this message at https://groups.google.com/d/msg/southsudankob/topic-id/message-id For more options, visit https://groups.google.com/d/optout --- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/SouthSudanKob. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14orsOdZp3KVrXJz_TvGf4FA9a_0t6XcDUb-GEbmc7TuDZA%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
