South Sudan to Resume Oil Production January 8

South Sudan's government has announced the resumption of oil production on January 8, 2025, following the lifting of a force majeure by Sudan, which previously disrupted exports. The Petroleum Minister, Puot Kang Chol, indicated that operations would restart at Blocks 3 and 7, operated by Dar Petroleum Operating Company (DPOC), with a target of producing 90,000 barrels per day initially, scaling up from a previous high of 150,000 barrels per day. This development comes after months of halted production due to pipeline damage and security concerns stemming from conflict in Sudan. The resumption is expected to significantly impact South Sudan's economy, which relies heavily on oil revenue. International partners, including CNPC and Sinopec, are supporting the restart of operations. The lifting of the force majeure is seen as a crucial step towards stabilizing oil exports from the young nation.