Sunday, March 2, 2025

Oil Production Resumes in South Sudan, But Economy and Chinese Oil Companies Struggle

 The South China Morning Post published on 2 March 2025 an article titled "How Chinese Firms Are Holding Out Hope for South Sudan's Oil Lifeline" by Jevans Nyabiage.

After a year of interrupted oil production, which provides 90 percent of South Sudan's revenue, it resumed early this year.  While this is an important boost to South Sudan's economy, inflation rages and production will not return to pre-shutdown levels.  Chinese companies with significant stakes in the oil sector are hoping they can return to profitability.