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Labrish
Nyuuz
Vice President Bol Mel in Juba rallies Nilepet and officials to revive South Sudan's oil
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[QUOTE="Munyaradzi Mafaro, post: 55685, member: 636"] South Sudan's Vice President Dr. Benjamin Bol Mel has directed petroleum officials to boost oil output during discussions held Thursday in the capital. The government seeks economic recovery through enhanced production from fields that currently generate between 140,000 and 150,000 barrels per day. Officials from the Ministry of Petroleum, national oil company Nilepet, and Joint Operating Companies attended the strategic session. Leaders agreed to establish a taskforce for sector reforms while rehabilitating damaged oil infrastructure. The initiative responds to President Salva Kiir Mayardit's directive that petroleum wealth should benefit all citizens rather than select individuals. The nation depends heavily on oil exports for government income, with petroleum comprising over 90 percent of total revenue and approximately 40 percent of gross domestic product. Production has declined significantly from pre-conflict levels exceeding 350,000 barrels daily in 2011. War, deteriorating infrastructure, and insufficient investment have damaged the industry's capacity. Ministry officials plan to restore oil-producing regions in Upper Nile and Unity states through partnerships with international firms. Experts believe successful implementation requires sustained political commitment alongside peaceful conditions and effective governance structures. [/QUOTE]
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Labrish
Nyuuz
Vice President Bol Mel in Juba rallies Nilepet and officials to revive South Sudan's oil
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