Alex Kimani
Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
Share
Related News
- Oil Prices Flat Ahead Of Powell's Brief To Congress
- Japanese Mitsui Doesn’t Plan To Exit Russian Sakhalin-2 LNG
- 2023 Biodiesel Quotas Disappoint U.S. Producers
- Tesla Eyes Significant Investment In India
- China Extends EV Subsidies To Reverse Flagging Sales
Khartoum Crisis Could Hold South Sudan Oil Hostage 
A recent outbreak of war between Sudan’s government forces and a paramilitary group is now putting the region’s oil industry at serious risk.
Two months after clashes broke out between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) over demands by the army and pro-democracy groups for RSF to become integrated into the regular armed forces, experts are growing increasingly worried that East Africa's oil hub will be plunged further into chaos and leave it without its main source of livelihood.
';document.write(write_html);}
South Sudan produces ~170,000 barrels of oil per day, out of which it gives 10,000 barrels to Sudan as transportation fees because the oil has to go through Sudan to reach Port Sudan where it is loaded into cargo ships. In effect, Sudan receives ~$18 million from South Sudan’s oil everyday. RSF has been demanding that South Sudan stop providing funds to the SAF, which might see the SAF retaliate by preventing the export of South Sudan’s oil through Port Sudan, which it controls. With the situation in a stalemate, a complete meltdown would not only destabilize the region but also potentially lead to the collapse of the volatile state.
';document.write(write_html);}else{var write_html='
ADVERTISEMENT
';document.write(write_html);}
