South Sudan Oil and Gas Downstream Market Size (2024 - 2029)

South Sudan Oil and Gas Downstream Market Size Summary

The South Sudan oil and gas downstream market is poised for growth, driven by a reduction in dependency on imported refined petroleum products and an increasing population. Despite challenges such as low investor confidence and an unstable security situation, the market is expected to expand, particularly in the refining sector, due to rising demand for refined products. The South Sudanese government is actively working to develop its downstream markets, including strategic fuel supply, distribution, and refinery companies, which presents significant opportunities for investors. The country's underdeveloped state and need for economic development further enhance the attractiveness of these opportunities.

The downstream oil and gas industry is a crucial component of South Sudan's economy, as the majority of export earnings are spent on imported refined products. The Ministry of Petroleum regulates the industry, which currently lacks domestic refining capacity, necessitating reliance on imports to satisfy domestic demand. To address this, the government has accelerated the development of refineries in Bentiu and Tangrial, although security issues have hindered progress in Tangrial. South Sudan is inviting both international and local investors to participate in refinery projects on a public-private partnership basis, with proposed refineries like Akon and Gameza set to increase domestic refining capacity. The country's substantial proven oil reserves and the anticipated increase in crude oil production are expected to further drive the growth of the downstream market, supported by improved infrastructure and rising demand for petroleum products.