• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 4 hours The United States produced more crude oil than any nation, at any time.
  • 1 day China deletes leaked stats showing plunging birth rate for 2023
  • 7 hours The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Bad news for e-cars keeps coming
Green Hydrogen Hype Gets Dose of Reality

Green Hydrogen Hype Gets Dose of Reality

As hydrogen plans become more…

Say Goodbye to Utility Stock Dividends

Say Goodbye to Utility Stock Dividends

The U.S. electric utility sector…

Sudan, South Sudan To Discuss New Oil Recovery Plan

Sudan and South Sudan will discuss plans to recover oil infrastructure and production next week, the foreign minister of Sudan said on Friday.

The oil talks will be held when South Sudan’s President Salva Kiir visits Sudan’s capital Khartoum next week. The South Sudan president is scheduled to attend a new round of talks with rebel leader Riek Machar in Khartoum next week.

Earlier this month, Sudan and South Sudan were said to have agreed to jointly repair oil infrastructure that was damaged during the bloody civil war that resulted in the split in 2011.

The infrastructure should be repaired within the next three months in order to allow the ramp-up of oil production in the youngest nation in Africa, which also took most of the old country’s oil wealth.

South Sudan is almost completely dependent on oil revenues, not least because of the decades-old civil war going on in the united Sudan that ruined the country’s agriculture. What’s more, the new state is fighting its own civil war between government forces and an army loyal to the former deputy president Riek Machar.

The two countries have also agreed to set up a joint guard of the South Sudan oil fields to prevent militant attacks on the critical industry.

Like South Sudan, Sudan has been eager to build an oil industry after the split with South Sudan in 2011. After the secession, the two countries have remained mutually dependent on oil revenues, with South Sudan owning 75 percent of the oil reserves, while the north owns the only current transport route to get oil to international markets.

Earlier this week, Sudan’s Ministry of Oil and Gas said that a delegation from South Sudan would arrive in Sudan’s capital Khartoum at the end of this month to discuss ways to boost oil production.

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News