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

The South Sudan oil and gas market is poised for growth, driven by increased production and investments, despite challenges such as the COVID-19 pandemic and civil unrest. The market's expansion is supported by the development of oil and gas infrastructure, which is crucial for the downstream sector and the establishment of domestic refining capabilities. The potential resolution of the civil war presents opportunities for further market growth, as the country seeks to enhance its oil and gas exports, which are vital for its economy.

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Market Size of South Sudan Oil and Gas Industry

South Sudan Oil and Gas Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.00 %
Market Concentration High

Major Players

South Sudan Oil and Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

South Sudan Oil and Gas Market Analysis

The South Sudan oil and gas market is expected to grow at a CAGR of more than 5% during the forecast period. The outbreak of COVID-19 has had negatively impacted the market as the lockdown imposed by the government had influenced the market. Also, the spread of COVID-19 had affected the country's oil production in 2020. For instance, in July 2020, the Ministry of petroleum in South Sudan informed that the country's oil production has dropped by 20,000 barrels per day (b/d) to 170,000 b/d because of the impact of surging coronavirus cases, which has led to disruptions in operations at oil fields. Increasing the production of oil and rising investments into the oil and gas sector are expected to drive the market in the forecast period. However, instability caused by the civil war in the country, along with the high volatility of oil prices, is expected to restraint the market.

  • The downstream sector is expected to increase significantly during the forecast period as increase in the country's oil and gas infrastructure will support the refining market of the country. Also, as being separated from the Sudan, where most of the refineries were situated, it has become one of the government's major initiatives to build a refinery in the country.
  • There have been signs of ending the civil war. The civil war was ravaging the country. Peace in the country may lead to much higher growth and may act as an opportunity for the market players,
  • Increasing oil production is expected to be the most significant driver of the market in the forecast period as the country depends heavily on the sale of oil and gas for most of its exports to other countries.

South Sudan Oil and Gas Industry Segmentation

The South Sudan oil and gas market report includes:

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South Sudan Oil and Gas Market Size Summary

The South Sudan oil and gas industry is poised for growth, driven by increasing oil production and investments in the sector. Despite the challenges posed by the COVID-19 pandemic, which temporarily disrupted operations and reduced production, the market is expected to expand steadily. The country's oil and gas sector is crucial to its economy, with oil exports being a significant source of revenue. The government is actively working to enhance the country's refining capacity, aiming to reduce reliance on imported petroleum products. This includes the operation of the Bentiu refinery and plans for additional refineries, which are expected to bolster the downstream sector significantly. The potential end of the civil war and improved political stability could further accelerate market growth, attracting more investments and increasing production capabilities.

The South Sudan oil and gas market is characterized by a consolidated landscape with key players such as Nile Petroleum Corporation, Akon Refinery Company Ltd., and China National Petroleum Corporation. The government has initiated efforts to revive the sector, including launching its first licensing round to attract international and local investors. Collaborative agreements with Sudan to boost oil production and the resumption of operations in previously shut-down oilfields are expected to enhance output and exports. These developments, coupled with the country's substantial proven oil reserves, position South Sudan for significant growth in the oil and gas industry during the forecast period.

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South Sudan Oil and Gas Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Oil Production Forecast in thousand barrels per day, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraint

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE ANALYSIS

  2. 2. MARKET SEGMENTATION - BY SECTOR

    1. 2.1 Upstream

    2. 2.2 Midstream

    3. 2.3 Downstream

South Sudan Oil and Gas Market Size FAQs

The South Sudan Oil and Gas Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Nile Petroleum Corporation, Petroliam Nasional Berhad (Petronas), Akon Refinery Company Ltd. and China National Petroleum Corporation are the major companies operating in the South Sudan Oil and Gas Market.

South Sudan Oil and Gas Market Report Snapshots

South Sudan Oil and Gas Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)