• 5 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 10 minutes Venezuela continues to sink in misery
  • 13 minutes U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 16 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 1 hour Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 5 hours $867 billion farm bill passed
  • 5 hours Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 4 hours Has Global Peak Diesel Arrived?
  • 21 hours Sleeping Hydrocarbon Giant
  • 1 day OPEC Cuts Deep to Save Cartel
  • 17 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 23 hours Air-to-Fuels Energy and Cost Calculation
  • 23 hours What will the future hold for nations dependent on high oil prices.
  • 1 day And the War on LNG is Now On
  • 23 hours Global Economy-Bad Days Are coming
  • 21 hours Could Tesla Buy GM?
Is Gasoline Demand Really Slipping?

Is Gasoline Demand Really Slipping?

In a somewhat befuddling scenario,…

OPEC Came Up Short – Here’s What They Should Do

OPEC Came Up Short – Here’s What They Should Do

Rystad Energy, an energy consultancy…

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

Oilprice - The No. 1 Source for Oil & Energy News