No South Sudan Oil Exports Until at Least March
From Voice of America
South Sudan will delay resuming oil exports until at least mid-March even if the new African republic solves all security conflicts with Sudan at a presidential summit on Friday, Oil Minister Stephen Dhieu Dau said.
The comments, the first forecast since November, are a blow for both oil-reliant economies which have been in dispute since last January when South Sudan shut down its crude output of 350,000 barrels a day after failing to agree on export fees with Sudan.
Landlocked South Sudan had planned to resume exports through Sudan this month after the two sides signed several deals to end hostilities in September.
But Juba has delayed restarting its oil wells because the two states have failed to agree on how to secure their disputed border, a condition both say is necessary to resume oil exports.
Sudan’s President Omar Hassan al-Bashir and South Sudan’s Salva Kiir are scheduled to hold a summit in Ethiopia on Friday aimed at ending the deadlock.
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