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South Sudan oil revenue falls to less than $50m a month
South Sudan is maintaining oil production at just below 170,000 b/d, but the continued fall in the government’s share of production means that state oil revenue has dropped to less than $50m/month, leaving the government on the brink of bankruptcy. “At the moment we’re producing about 168,000-169,000 b/d,” an official at the Ministry of Petroleum and Mining told African Energy on 23 March. “A few weeks ago, we were producing 170,000 b/d, but it has dropped slightly.” The figure may be a slight overestimate, according to an oil industry source in Juba, who puts production at between 160,000 b/d and 165,000 b/d.
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