Friday, February 13, 2009

Sudan’s Growth to Fall After Oil Peak

All things considered, looks like a depressing lede, but the last sentence is telling: a decline in pan-Sudanese growth from 12.7 to 7.9 percent. A growth rate of almost 8 percent is nothing to sneeze at.

Sudan’s oil production will peak next year before it starts to consistently fall, according to a new forecast.

Oil and gas liquids production will increase by one third (30.3 percent), with volumes peaking at 700,000b/d in 2010, according to a Business Monitor International forecast.
But the oil and gas volumes will then steadily fall to 596,000b/d by the end of the 2018, according to Business Monitor.

And growth is forecast to fall from 12.7 percent in 2008 to 7.9 percent this year.

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