South Sudan Sees Pre-War Oil Output Unlikely as Wells Decline
- Returning to more than 300,000 b/d requires new investment
- Nation faces floods, famine in wake of Covid-19, official says
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South Sudan faces difficulty in reaching more than 300,000 barrels a day of oil production it once pumped, due to declining fields, according to an official.
With current production sustained at about 165,000 barrels a day, the government has downgraded expectations of returning to record output before a civil war broke out in 2013. It’s now focused on a planned licensing round to bring in new investment.