With its finances already suffering from a now 12-month civil war, South Sudan’s government is looking to Beijing in its latest efforts to safeguard its oil assets and boost production – the lifeblood of its nascent economy.
South Sudan’s embattled government has sought the help of China to boost output of its most critical resource – oil – as it looks to recover from the economic shock of the last 12 months of civil unrest and cushion itself from the precipitous slide in world oil prices from a mid-2014 high of $115/B to below $60/B today. (CONTINUED - 1697 WORDS)
