Sudan’s oil exports have defied expectations by experiencing a notable increase, even amidst the ongoing internal tensions between the Rapid Support Forces and the regular army. The stability of crude oil production from South Sudan, filling the critical pipeline, has played a pivotal role in sustaining this unexpected surge in exports. This development sheds light on the intricate interplay between conflict, resource management, and regional dynamics within the North African nation.
In a surprising turn of events, ship data has revealed that oil shipments at the port of Port Sudan reached a peak in May, marking the highest level in nearly two years. The figures, with daily barrels reaching 154,839 in May compared to 77,419 in March, underline the resilience of Sudan’s oil sector despite the escalated tensions. This increase comes against the backdrop of a conflict that erupted in April, resulting in substantial displacement and an aggravated food crisis across the country.
Wildcat Petroleum plc (LON:WCAT) was incorporated in early 2020, with plans to work and invest in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas.