South Sudan, which has sub-Saharan Africa third-biggest oil reserves, is resuming crude output curtailed by almost five years of conflict before a peace agreement was signed last month.
South Sudan renews oil deals with China, Malaysia China's CNPC and Malaysia's PETRONAS corporations will be able to drill for oil for another 5 years in war-torn country 06.01.2017
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Resumption of oil production at South Sudan Unity oilfield moved a step closer this week. The Minister of Petroleum of South Sudan met with Petronas representatives in Kuala Lumpur and secured a commitment from the Malaysian national oil company to invest in resuming operations in the area.
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South Sudan's oil minister has declared that improved relations with Sudan will help restore crude production to the levels it reached when it gained independence, lifting pressure on the two
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This joint venture is owned by the Chinese National Petroleum Company, which holds a 41 per cent share, and by Malaysia's Petronas (40 per cent), as well as by South Sudan's state-run Nilepet oil
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Following South Sudan's secession, Sudan requested transit fees of $32-36/barrel (bbl) in an attempt to make up for the oil revenue loss, while South Sudan offered a transit fee of less than $1
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South Sudan will finish paying off its debt to neighbor Sudan in June with a final cargo of crude oil, South Sudan's oil minister Ezekiel Lol Gatkuoth told Reuters on the sidelines of the Africa
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A U.S. State Department report issued on Thursday described Iran as the world's leading state sponsor ofterrorism, saying it carried out 13assassinations in 1997, most ofthem in northern Iraq,against opposition activists of the Kurdish Democratic Party of Iran and the Mujahideen Khalq organisation. ,
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