The economy of Sudan has boomed on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment until the second half of 2002. GDP growth registered more than 10% per year in 2006 and 2007. From 1997 to date, Sudan has been working with the International Monetary Fund (IMF) to implement macroeconomic reforms, including a managed float of the exchange rate. Sudan began exporting crude oil in the last quarter of 1999.
Port Sudan is a port city in eastern Sudan, and the capital of the state of Red Sea. As of 2007, it has 489,725 residents. Located on the Red Sea, it is Sudan's main seaport.
The Eastern Front is a coalition of rebel groups operating in eastern Sudan along the border with Eritrea, particularly the states of Red Sea and Kassala. The Eastern Front's Chairman is Musa Mohamed Ahmed. While the Sudan People's Liberation Army (SPLA) was the primary member of the Eastern Front, the SPLA was obliged to leave by the January 2005 Comprehensive Peace Agreement that ended the Second Sudanese Civil War. Their place was taken in February 2004 after the merger of the larger Beja Congress with the smaller Rashaida Free Lions, two tribal based groups of the Beja and Rashaida people, respectively. The Justice and Equality Movement (JEM), a rebel group from Darfur in the west, then joined.
The Greater Nile Petroleum Operating Company (GNPOC) is a petroleum exploration and production company operating in Sudan. It was incorporated on 18 June 1997 and undertook construction of the Greater Nile Oil Pipeline which links Sudan's inland oil fields with refineries at Khartoum and Port Sudan.
The Sudan Khartoum Refinery Company is a petroleum company in Sudan. The company its name is abbreviated to KRC. The company was founded in 1997 and began operations in 2000. KRC is based in Khartoum.
The Greater Nile Oil Pipeline is an important oil export pipeline in Sudan. It extends for approximately 1,600 kilometres (990 mi) of which approximately 1.8 kilometres is submarine. It was constructed by the Greater Nile Petroleum Operating Company (GNPOC) and commenced operation in 1999. It is operated by the China National Petroleum Corporation (CNPC) which is a 40% stakeholder in GNPOC.
The Muglad Basin is a large rift basin in Northern Africa. The basin is situated within southern Sudan and South Sudan, and it covers an area of approximately 120,000 square kilometres (46,000 sq mi) across the two nations. It contains a number of hydrocarbon accumulations of various sizes, the largest of which are the Heglig and Unity oil fields. During the 1960s and 1970s, Chevron made the first oil discoveries in the basin near the towns of Bentiu, Malakal, and Muglad. Taken together, the Muglad and Melut rift basins account for the majority of Sudan's known oil reserves.
The Melut Basin is a rift basin in South Sudan. It is situated in the states of Upper Nile and Jonglei, south of the capital of Sudan, Khartoum and east of the river Nile. The Basin contains several hydrocarbon accumulations, although oil exploration, as elsewhere in Sudan, has been hindered by conflict. The largest oil field in the Basin is the Great Palogue Field with estimated reserves of 900 million barrels. The Melut oil export pipeline travels 1,380 km from Palogue to Port Sudan on the Red Sea, and has been on stream since June 2006.
The PetroDar Operating Company Ltd is a consortium of oil exploration and production companies operating in Sudan with its headquarters in Khartoum. The consortium was incorporated in the Virgin Islands on 31 October 2001. PetroDar is composed of the China National Petroleum Corporation (CNPC), Petronas of Malaysia (40%), Sudapet of Sudan (8%), SINOPEC of China (6%), and Egypt Kuwait Holding Company through its subsidiary Tri-Ocean Energy of Kuwait (5%).
Pakistan Refinery Limited (PRL) is a Pakistani oil refinery which is based in Karachi, Pakistan. Founded in May 1960, it is traded on the Pakistan Stock Exchange.
Railway stations in Uganda include:
TransAsia Gas International LLC is an energy investment company based in Dubai, United Arab Emirates. It is a subsidiary of Al-Ghurair Group.
Ghadir Investment Company was established in 1991 in Iran and entered to the "Tehran Stock Exchange (TSE)" in 1995. Its activities are managing or restructuring Iranian companies on behalf of its share holders. GHADIR is one of the biggest holding investment company in the Tehran Stock Exchange (TSE) with a market capitalization of 97,416 billion Iranian Rials as of 2017.
Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor project, also known as Lamu corridor is a transport and infrastructure project in Kenya that, when complete, will be the country's second transport corridor. Kenya's other transport corridor is the Mombasa - Uganda transport corridor that passes through Nairobi and much of the Northern Rift. Some basic LAPSSET infrastructure has been built. The construction of LAPSSET's main components is currently ongoing with construction of the first berth at Lamu Port completed in October, 2019 (situation as per October 2019).. Although the project is not formally stalled, its short to medium term success looks increasingly unlikely. Insecurity and political instability in Kenya are mostly to blame for this, as are more commercially viable alternative pipeline options through Tanzania or Ethiopia. The low oil prices since 2015 also affect LAPSSET's commercial prospects.
The Ministry of Petroleum is a ministry of the Government of South Sudan. The incumbent minister is Puot Kang Chol., the ministry of petroleum contributes more than 90% of the south Sudan total income through oil production and exportation to different countries through north Sudan pipe line from the oil fields in South Sudan to the Port Sudan in Red Sea. the government of Sudan is heavily taxing South Sudan for using the pipe line, and with the recent declined in the oil prices in the international market, this declined in the oil prices has really affected the economy of the country. In June 2021, the ministry launched its first Oil licensing round in Juba. According to new studies assigned by the ministry, approximately 90% of the country's Oil and gas reserves remain unexplored.
The Uganda–Kenya Crude Oil Pipeline (UKCOP) was a proposed pipeline to transport crude oil from Uganda's oil fields in the Northern and Western Regions to the Kenyan port of Lamu on the Indian Ocean. Along the way, the pipeline would have picked up more crude oil from the South Lokichar Basin and other oil fields in northwestern Kenya and delivered it to Lamu for export. South Sudan had also planned to construct a pipeline from its Unity State, linking to the UKCOP as an alternative to its only current oil export route through Port Sudan in its northern neighbor Sudan.
The Port Harcourt Refining Company,, is a Nigeria-based oil and gas company primarily specializing in the refining of crude oil into petroleum products. It is headquartered in Port Harcourt metropolitan area of Rivers State, southeastern Nigeria. The company is a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
The mining industry of South Sudan started operating from the time South Sudan became a regional government of Sudan in 2005. Its inheritance was a well developed petroleum industry with an extensive network of pipelines passing through Sudan. However, contractual allotments in mining lacked any form of regulatory framework, resulting in the legislative assembly imposing a moratorium on mining licenses in November 2010. With independence in 2011, the petroleum industry was halted. Subsequent to this event, interest in mining non-fuel minerals has emerged and a new Mining Act has come into effect from December 2012.
The petroleum industry in Sudan began in 1979, when the first commercial flow in the country occurred.
