South Sudan has found crude oil. The discovery
occurred in the Northern Upper Nile State, and its the first since independence in 2011.
Minister of Petroleum and Mining, Awow
Daniel Chuang says the new field in the Adar area of the state contains 5.3
million barrels of recoverable oil.
|
Awow Daniel Chuang Source : voanews.com |
He adds that it will be linked to the
nearby Paloch oilfields, which are operated by Dar Petroleum Operating
Company and production is likely to begin towards the end of the year.
The country gets almost all its revenue
from oil and has boosted output, now at 180,000 barrels per day, as it
struggles to rebuild its economy after a five-year civil war.
Most of the East African nation’s oil
infrastructure got damaged in the conflict, during which about 400,000 people
were killed and more than a third of the 12 million population uprooted.
|
Comments
Post a Comment