ENERGY

S. Sudan oil exports to resume by end May

South Sudan halted crude production in early 2012, cutting off most of its revenue after accusing Khartoum of theft in a row over export fees. (AFP)

South Sudanese oil will be shipped again from Sudan by the end of May, official media said on Saturday, after a shutdown of more than a year which cost both impoverished nations billions of dollars.

“Sudan and South Sudan agreed to start oil pumping in mid-April and the exportation by the end of May,” the official SUNA news agency said in a brief dispatch which gave no further details.

South Sudan halted crude production in early 2012, cutting off most of its revenue after accusing Khartoum of theft in a row over export fees.

At talks in Addis Ababa last month, the two countries finally settled on detailed timetables to ease tensions, after months of intermittent border clashes, by resuming the oil flows and implementing eight other key pacts.
 

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Last Update: Saturday, 6 April 2013 KSA 09:29 - GMT 06:29
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