Market Size of South Sudan Oil and Gas Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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:
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.
South Sudan Oil and Gas Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Oil Production Forecast in thousand barrels per day, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraint
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1.6 Supply Chain Analysis
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1.7 PESTLE ANALYSIS
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2. MARKET SEGMENTATION - BY SECTOR
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2.1 Upstream
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2.2 Midstream
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2.3 Downstream
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South Sudan Oil and Gas Market Size FAQs
What is the current South Sudan Oil and Gas Market size?
The South Sudan Oil and Gas Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in South Sudan Oil and Gas Market?
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.
