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South Sudan restarts oil production after agreeing with Sudan to resume cross-border oil flows

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(Globalpost/GlobalPost)

South Sudan has restarted oil production after agreeing with Sudan to resume cross-border oil flows last month, an executive at the state oil company said today.

After months of negotiations both African countries agreed earlier this month to resume cross-border oil flows after tensions between them eased.

Landlocked South Sudan, which shut down its entire output of 350,000 barrels a day in a row with Khartoum over oil fees last year, needs to export its oil through Sudanese pipelines and the port of Port Sudan.

Sudan and South Sudan agreed for the South to resume oil production with an initial output of between 150,000 bpd and 200,000 barrels bpd, Sudan's state news agency SUNA said late yesterday, quoting officials from both countries.

The first cargo would reach Port Sudan at the end of May, SUNA said, two weeks later than initially expected.

http://www.globalpost.com/dispatch/news/asianet/130409/south-sudan-restarts-oil-production-after-agreeing-sudan-resume-cross-b