Sudan Oil and Gas Market Size (2024 - 2029)

The Sudan oil and gas market is anticipated to experience modest growth over the forecast period, driven primarily by investments in the downstream and midstream sectors. Despite the challenges posed by declining production levels from 2015 to 2021, which are expected to continue, the market has rebounded to pre-pandemic conditions. Efforts to enhance production through techniques like enhanced oil recovery present potential opportunities for market expansion.

Market Size of Sudan Oil and Gas Industry

Sudan Oil and Gas Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 1.50 %
Market Concentration Medium

Major Players

Sudan Oil and Gas Market  Major Players

*Disclaimer: Major Players sorted in no particular order

Sudan Oil and Gas Market Analysis

Sudan oil and gas market is projected to register a CAGR of over 1.5% during the forecast period.

The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.

  • Over the medium term, investment in the oil and gas market is expected to be the main driver in the forecast period. The increase in growth is expected to be majorly in the downstream and midstream sector.
  • On the other hand, the production level of the oil fields is reducing in the 2015 - 2021 period, and it is expected to decrease further in the forecast period and thereby impede growth in the market.
  • Nevertheless, the country is trying to increase production through the use of enhanced oil recovery (EOR) to increase the production, any breakthrough in the increase in output can become an opportunity for the companies in the market

Sudan Oil and Gas Industry Segmentation

Oil and Gas are defined as petroleum, natural gas, hydrocarbons, minerals, or any combination of them, and all substances developed from them. In the production and distribution of oil and gas, a number of complex processes and systems are employed, which require advanced technology and a large amount of capital. There are three major sectors in the oil and gas industry: upstream, midstream, and downstream. Sudan oil and gas market is segmented by sector. By sector, the market is segmented into upstream, midstream, and downstream. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).

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Sudan Oil and Gas Market Size Summary

The Sudan oil and gas market is experiencing a gradual recovery, having rebounded to pre-pandemic levels after the negative impact of COVID-19. The market is projected to grow steadily over the forecast period, driven primarily by investments in the oil and gas sector, particularly in the downstream and midstream segments. Despite challenges such as declining production levels and the need for enhanced oil recovery techniques, there are opportunities for growth through technological advancements and increased production efforts. The midstream sector, which includes the transportation and storage of crude oil and natural gas, is expected to benefit from the continued export of crude oil through Sudan's pipelines to the Bashayer Marine Terminal and other refineries. The strategic partnership with South Sudan, allowing the export of its crude oil through Sudan's ports, further supports the midstream sector's expansion.

The oil and gas industry in Sudan faces significant challenges, including political instability, corruption, and years of underinvestment, which have hindered growth and productivity. The sector is dominated by government-owned entities and a few major companies, but efforts are being made to attract foreign investment and modernize operations. International collaborations, such as those with Russian and Algerian companies, aim to enhance exploration, production, and technological capabilities. Despite the loss of oil reserves to South Sudan following its secession, the intertwined economies of Sudan and South Sudan continue to rely on their shared oil assets. The market's growth potential is tempered by the need for improved infrastructure, investment, and governance to overcome existing obstacles.

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Sudan Oil and Gas Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, 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 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTEL Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Upstream

    2. 2.2 Midstream

    3. 2.3 Downstream

Sudan Oil and Gas Market Size FAQs

The Sudan Oil and Gas Market is projected to register a CAGR of less than 1.5% during the forecast period (2024-2029)

Oil and Natural Gas Corporation, Sudan National Petroleum Corporation , China National Petroleum Corporation, Sunagas and Petrodar Operating Company are the major companies operating in the Sudan Oil and Gas Market.

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