South Sudan Oil and Gas Market by Sectors (Upstream, Midstream, and Downstream) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

The South Sudan oil and gas market size is anticipated to expand at a CAGR of 4.6% during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing demand for refined products in the country.

In 2005, Sudan established the National Petroleum Commission to improve the development of the country’s oil resources. The commission allocates new oil contracts and ensures equal sharing of oil revenues between the national government in Khartoum and the Government of South Sudan (GOSS). It resolves duplicate oil contract issues and counter problems related to the overlap contracts, previously granted by the Government in Khartoum.

The utilization of the latest technology can help in the recovery of the oil & gas from the existing oil well fields. According to data published in 2019, South Sudan ranks third on the list of the highest oil reserves in Sub-Saharan Africa. It has around 3.5 Million billion barrels, and most of the reserves are yet to be explored.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing oil capacity is expected to boost the South Sudan oil and gas market growth.
• Rising investment in the oil & gas industry is expected to propel the growth of the market.
• The COVID-19 pandemic hampered the growth of the market due to trade disruption across the globe. However, relaxation in international trade is anticipated to help the market recover soon.
• Rapid growth in the renewable energy is expected to create challenges for the market growth in the coming years.
• Rising production through the use of enhanced oil recovery (EOR) to increase the production can create lucrative opportunities during the forecast period.
• High volatility in oil prices can restraint the market growth.
• Ongoing development and technological advancements in technology are anticipated to create lucrative opportunities for the South Sudan oil and gas market.

Scope of Oil and Gas Market  Report

The report on the South Sudan oil and gas market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

South Sudan oil and gas Market Segment Insights

Downstream segments to account a major market share

Based on sectors, the market is divided into upstream, midstream, and downstream.

The downstream segment is anticipated to account for a major market share during the forecast period. The downstream oil industry in South Sudan provides a huge support to the country’s economy, as most of the country’s export earnings are spent on imported petroleum products. The South Sudan oil industry is regulated and monitored by the Ministry of Petroleum through the Petroleum Exploration and Production Authority.

In 2018, South Sudan didn’t have any domestic refining capacity. It relied on imported petroleum products to meet the domestic demand. To reduce the reliance on imports, the Government of South Sudan accelerated the development of two refineries in Bentiu with the capacity of 5 thousand b/d and Tangrial with capacity of 10 thousand b/d).

The poor security environment can hinder the development of downstream infrastructure. In 2018, South Sudan increased its oil production by 17.5%, from 6.4 million tonnes from 5.5 million tonnes in 2017. Therefore, increased production is expected to propel the growth of the market segment. Government state bodies in the country are inviting international and local investors to participate in a refinery project developed on a PPP basis.

Akon and Gameza are the two refining capacity with 50 thousand and 100 thousand barrels per day respectively. The downstream sector is expected to increase significantly during the forecast period to the increasing investments in the industry. After the separation from the North part of the country, the government has been striving to build refining plants in the country. This is expected to bring our lucrative opportunities for new entrants in the market.

Segments

The South Sudan oil and gas market has been segmented on the basis of 

Sectors

• Upstream
• Midstream
• Downstream

Country

• South Sudan

Key Players

• Nile Petroleum Corporation
• Akon Refinery Company Ltd.
• China National Petroleum Corporation
• Petroliam Nasional Berhad (Petronas)

Competitive Landscape

Key players operating in the South Sudan oil and gas market includes Nile Petroleum Corporation, Akon Refinery Company Ltd., China National Petroleum Corporation, Petroliam Nasional Berhad (Petronas).

Companies are focusing on partnerships, mergers, and acquisitions to expand their market share. Moreover, they’re focusing on innovation to leverage their market position.