South Sudan Petroleum Minister, Awow Chuang has disclosed that the country boosted its oil production by 6,000 barrels which brought its oil output to over 180,000 barrels per day.
The minister made this known while speaking to the state-owned radio South Sudan Broadcasting Corporation (SSBC). He said the increase followed resumption of production at Block 1&2 in Manga Oilfield, which was closed six years ago due to insecurity in the northern parts of the country.
According to him, the reopening of the Manga oilfields would boost the government’s ambitious efforts to reach the 200,000 barrels mark by the end of 2019.
He said, “This is significant in our production and if we are to translate this figure into money, it would be a significant improvement in our revenue”.
According to the World Bank, South Sudan is the most oil-dependent nation in the world, with oil accounting for around 60 per cent of its Gross Domestic Product (GDP).
Although after the young nation descended into civil war in late 2013, oil production declined from 350,000 in 2011 to less than 130,000 barrels per day in 2014 amid soaring inflation. However, following the signing of a new peace deal in September 2018, conflict reduced and previously closed oilfields have reopened.
Leadership reported that the landlocked country was hoping to raise daily output to over 200,000 barrels per day by the end of 2019.