FILE - In this Sunday Oct. 1, 2017 file photo, a truck waits outside a closed petrol station of the Nile Petroleum Corporation in Juba, South Sudan. Oil-rich South Sudan is struggling to increase production of crude several months after the end of its civil war and the signing of a peace deal in September 2019 which helped open the way to resuming drilling in South Sudan's key region of Unity state, but output has been more sluggish than expected in the country with Africa's third-largest oil reserves . (AP Photo/Sam Mednick, File)
CAPE TOWN - South Sudan's ministry of petroleum has released a report providing detailed financial information and statistics of the country’s oil sector.
The ministry said the seventh petroleum report was released to "increase transparency" and outline infrastructure plans.
It provides an overview of world oil markets and fundamentals, price forecasts, oilfield reserves, and the ministry’s marketing performance.
According to a statement released by the ministry, the report forms part of "continued efforts" by petroleum minister Awow Daniel Chuang to promote openness and accountability in the sector.
“We are trying to increase transparency in the country’s oil and gas sector, specifically concerning the financial aspects,” said Chuang.
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