• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 5 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
  • 6 mins "As the Earth Cools, the Climate Change Hoax Heats Up" by Michelle Edwards
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 3 days The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 2 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 4 days Hopes Are Dashed For International Oil Companies In North Iraq
  • 3 days The Federal Reserve and Money...Aspects which are not widely known
U.S. Sanctions Russian Steel Giant MMK

U.S. Sanctions Russian Steel Giant MMK

The United States has added…

Sudan’s President Threatens to Shut Pipelines

Sudanese president Omer Hassan al-Bashir has threatened to shut down the pipelines from the landlocked Southern Sudan to Port Sudan on the Red Sea unless a revenue sharing deal is reached by the end of July.

Later this month Southern Sudan will formally declare its independence from Khartoum’s control following an internationally supervised referendum in January which resulted in an almost unanimous vote in favor of secession from the North.

A number of contentious post-referendum issues have yet to be resolved, including border demarcation, citizenship, apportioning the national debt and oil sharing, Sudan Tribune reported.

The hydrocarbon issue is particularly important because energy exports constitute the majority of the country’s export earnings.

Sudan’s ruling National Congress Party and the Sudanese People Liberation Movement are currently attempting to negotiate compromises on these issues assisted by mediation efforts of the African Union in Ethiopia’s capital Addis Ababa.

While the southern Sudan holds around 75 percent of Sudan's oil reserves, the north has both the country’s refineries and pipelines, leaving the south needing Khartoum's cooperation to sell its oil even as the north needs a portion of its southern neighbor's revenue resources.

Currently northern and southern Sudan are splitting the proceeds of hydrocarbon sales in accordance with the terms of the Comprehensive Peace Agreement signed in 2005.

By. Charles Kennedy, Deputy Editor 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