• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 5 hours Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 6 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 9 mins A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 41 mins Used Thin Film Solar Panels at 15 Cents per Watt
  • 5 hours China has invested btw $30 - $40 Billon in Canadian Oil Sands. Trump should put 10% tariffs on all Chinese oil exported into or thru U.S. in which Chinese companies have invested .
  • 12 hours US Shale Economic Impact: GDP gain realized in shale boom’s first 10 years
  • 5 mins IS ANOTHER MIDDLE EAST WAR REQUIRED TO BOLSTER THE OIL PRICE
  • 18 hours It's Not the Job of the Government to Dictate Where Businesses Should Go
  • 12 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 19 hours Offshore subsea sub 50$/bbl : Rystad Energy: High stakes in store for subsea markets if oil falls to $50/bbl
  • 15 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
  • 16 hours Tit For Tat: China Strikes Back In Trade Dispute With U.S. With New Tariffs
  • 11 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 10 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
Electric Vehicles Will Win Big In A Recession

Electric Vehicles Will Win Big In A Recession

As the global automobile industry…

Sudan Says That South Sudan to Pay Outstanding Oil Fees

South Sudan's Ministry of Petroleum and Mining Undersecretary David Loro Gubek said that Sudan and South Sudan were evenly splitting proceeds of the 500,000 oil barrels the two countries produced as a previously unified state. The new arrangement is in line with the 2005 peace agreement between the two countries sides following South Sudan’s secession two months ago, which resulted in the new nation acquiring nearly 75 percent of the country's oil production, though the transit oil export pipelines remained under Khartoum’s control.
 
Gubek said that Khartoum originally demanded $32 per barrel transit fee, a rate that the new government termed as "broad daylight robbery" but told reporters, "If the African Union decides that we have to pay this amount, I think we will pay it. Until then, the transport fees can be summed up and paid in arrears, according to the decision of the African Union. We have agreed they will handle it," The Sudan Tribune reported.

On 9 September the U.S. Special Envoy to Sudan, Princeton Lyman urged both Sudan and South Sudan to resume talks on oil within a week to resolve outstanding transport issues. The same day as Lyman’s mission South Sudan president Salva Kiir stated that increased prices of fuel and other commodities in South Sudan were the result of a blockade allegedly imposed by Khartoum on South Sudan trade export routes.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play