South Sudan’s oil production has significantly dropped in recent months due to lack of new investment in the oil sector, according to a government official.
Finance Minister Stephen Dhieu Dau said in a press conference in Juba on Monday that the production has gone down from 160,000 barrels per day to 130,000 barrels.
He also attributed the drop to the ongoing fighting in oil producing areas, besides the drop of oil prices in the international market.
Dhieu, who is a former finance minister, revealed that the oil production in Unity State has gone down due to insecurity that forced oil companies to stop their work indefinitely.
However, Dhieu assured that the government is working to stabilize the oil producing areas to increase production.
South Sudan, a landlocked country almost entirely depends on oil revenue for its income.
Photo: South Sudan’s Minister of Finance, Stephen Dhieu Dau. (Radio Tamazuj)