South Sudan strapped for oil cash
About 98% of South Sudan’s income is derived from its oilfields, but the country has not received any oil money since May
SOUTH SUDAN has received no oil money since 30 May, the country’s interim central bank governor, Kornelio Koryom Mayiik, has confirmed, claiming the fledgling nation has hard-currency reserves to last “several more months”. Central bank officials said that since it received the May payment, the country, which formally seceded from Sudan on 9 July this year, has been using hard-currency reserves to pay salaries and to meet other government expenses. The last disbursement was made under the now-defunct 50:50 revenue-sharing deal with the Sudanese government in Khartoum, agreed under the 2005 Comprehensive Peace Agreement. Sources said the May tranche, which covered revenues for April and May,
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
