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.
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.
Attributes |
Details |
Report Title |
South Sudan oil and gas market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Sectors (Upstream, Midstream, and Downstream) |
Geographical Zone |
South Sudan |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Nile Petroleum Corporation, Akon Refinery Company Ltd., China National Petroleum Corporation, Petroliam Nasional Berhad (Petronas). |
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.
The South Sudan oil and gas market has been segmented on the basis of
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.
The South Sudan oil and gas market has been segmented on the basis of
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.
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