South Sudan’s plunging oil earnings widen government finance chasm

In depth
Issue 351 - 28 Jul 2017 | 5 minute read
Regular diversions of South Sudanese crude to Sudan in compensation for use of its neighbour’s export infrastructure mean that revenues to the war-torn country continue to plunge. The only cargo scheduled to be marketed by the Government of South Sudan (GoSS) in August will instead be passed on to Petrodar Operating Company in Sudan. This will strip South Sudan’s treasury of any proceeds from the 600,000-barrel cargo, leaving it with no more than a 170,000-barrel package on a 600,000-barrel cargo being marketed by the government’s international joint venture partners. The cargo will be lifted from Port Sudan on 12-13 August.

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