News / / 11.21.18

AFP: S Sudan woos investors as peace deal revives oil industry

South Sudan said on Wednesday that the country’s latest peace deal had helped revive its war-battered oil sector, with an increase of 20 000 barrels per day in the past two months.

The country’s warring parties in September signed a new peace deal to end five years of civil war that has killed an estimated 380 000 people and crippled the oil industry, which funded about 98% of its budget.

Petroleum Minister Ezekiel Lol Gatkuoth told hundreds of investors attending a three-day forum in Juba that the peace deal had revived activity in Unity State, raising production from 135 000 to 155 000 barrels per day…

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