00:06South Sudan's government says it is focusing on revitalizing existing oil fields.
00:12It is also encouraging new investment to unlock untapped reserves.
00:17Oil funds more than 90% of South Sudan's budget.
00:20Increase of production is very important given the level of prices at the moment, where prices are well above $100.
00:32So this is the right time for increase of production to be pursued and for the nation to realize the
00:41dividends from their resources.
00:44Oil experts say maintaining higher output levels will require sustained capital investment, improved governance and stable operating conditions.
00:54Juba relies on Sudan to export its crude, which travels through a pipeline to the Red Sea via Khartoum.
01:01In the future, we will utilize more new technologies and carry off the deep red earth studies and make more
01:12contributions for South Sudan's economy.
01:18The government says the use of modern drilling technologies and enhanced reservoir management techniques has been key to improving efficiency
01:28and output in recent months.
01:30South Sudan's push to expand production shows its reliance on the oil sector as a primary source of government revenue
01:38and foreign exchange earnings.
01:41Some analysts say South Sudan's government should try to diversify the economy away from a reliance on oil.
01:48As global oil prices rise, the cost of basic goods in South Sudan is also increasing.
01:55Everything has changed. Everything is very expensive.
01:59Transport fares have gone up.
02:01At times, I walk to work, then walk to the market.
02:05You spend a lot of money to buy food, and the food is not even enough for the children.
02:10Some analysts say increased production could help ease physical pressures and support economic recovery.
02:16However, challenges remain, including security concerns and reliance on export pipelines through neighboring Sudan.
02:24I'm Patrick Oyeq, CGTN Juba, South Sudan.
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