South Sudan Oil and GasCompanies (2024 - 2029)

South Sudan Oil and Gas Market Companies Summary

The oil and gas sector in South Sudan is expected to experience substantial growth, despite recent negative impacts due to the COVID-19 pandemic. The lockdown restrictions imposed by the government have influenced the market and affected oil production. However, the forecast period is expected to witness an increase in oil production and investments into the sector. The downstream sector is expected to see significant growth as the country's oil and gas infrastructure expands, supporting the refining market. However, the civil war and high volatility of oil prices are expected to pose challenges to the market. The South Sudan oil industry is regulated and monitored by the Ministry of Petroleum. The government has initiated steps to reduce reliance on imports by operating its own oil refinery and planning to build more by the end of the decade. Despite the ongoing civil war and political instability, increased production is expected to drive the growth of the oil and gas market. The end to the conflict can significantly increase the market's growth. The country has invited international and local investors to participate in refinery projects developed on a PPP basis. The growth in the forecast period is expected to be driven by increased oil production and stability, which is expected to attract more investments into the market.