Bloomberg quotes Africa Center Director J. Peter Pham on the prospects of using South Sudan’s oil resources to help overcome its ongoing conflict:
South Sudan has scant financial resources of its own to overcome the conflict, Peter Pham, director of the Washington-based Atlantic Council’s Africa Center, said by phone on Thursday.
Even if oil production begins scaling up, the price has fallen so low it would be hard to make money from it because the cost if pumping crude and shipping it via pipelines in the north through Sudan for export is about $40 a barrel, said Pham.