Oil – Reuters reported that South Sudan said it will restart oil production within 3 weeks after the deal to resolve border disputes is completed.
Articles Tagged "South Sudan"
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Oil – Sudan has put a new hurdle in the way of allowing its land-locked southern neighbor to pipe its oil to the Red Sea, South Sudanese President Salva Kiir stated on Monday, dashing plans to revive production after an 11-month break.
Oil – Reuters reported that the creation of a new border security arrangement between Sudan and South Sudan means that oil exports from the south will again be able to travel through the north. It will likely take a few months for exports to start up again.
Oil – Reuters reported that this week Sudan and South Sudan may make a deal that will allow both countries to resume oil exports, although there is still a chance that negotiations will fall through.
Oil – Reuters reported that South Sudan, which recently seceded from Sudan, plans to divide an oil block held mainly by Total SA (NYSE:TOT) into three parts. Total will receive only one of the new areas.
Oil – CNBC reported that mediators are hopeful that Sudan and South Sudan will soon resume oil exports after resuming talks about the situation on Tuesday. The countries have been feuding since their separation over a year ago.
Oil – Reuters reported that Sudan’s oil transportation dispute with South Sudan has resulted in a loss of $2.4 billion and a significant drop in exports for Sudan.