Oil production in South Sudan is dropping to all-time lows – now at an average of 156,000 barrels a day. Why: too dirty and thus expensive to produce, costly to transport; dissatisfied employees of companies perpetually on strike; local residents protesting “oil-cide” of their environment.
https://www.naturalgasworld.com/norwegian-wealth-fund-drops-ongc-over-south-sudan-ties-91792
World’s biggest sovereign fund – of Norway – excludes Oil and Natural Gas Corporation of India from its list of potential investments and partners. Why: ONGC operates in South Sudan, a land whose oil companies routinely engage in or condone environmental and societal misdeeds.
