Sudanese Pound Falls Sharply On News of Oil Delay
The pound has registered a sharp decline against hard currency following news that the resumption of exporting South Sudan's oil via Sudan might be delayed due to failure in security talks.
Oil rig (file photo): The country will only pump oil at about 70 percent of its former capacity.
Sudan Tribune, 18 November 2012
South Sudan has rescheduled plans to resume oil production and exports out of neighbouring Sudan, in order to reach an understanding with Khartoum over security issues, the head of… Read more »
Sudan Tribune, 14 November 2012
The president of South Sudan Salva Kiir declared that his country's oil production will be restarted next week after nearly a year of suspending it over a dispute with Khartoum on… Read more »
South Sudan: Govt Instructs Oil Firms to Resume Production
Sudan Tribune, 18 October 2012
South Sudan on Thursday issued an order instructing foreign and national companies involved in oil industry to immediately resume production and exports through the territory of… Read more »
Sudan Tribune, 19 October 2012
Sudan is not expected to see any jump in oil production in the next five years despite intensified efforts by Khartoum to expand exploration per figures released this week by the… Read more »
Ethiopia Government, 7 October 2012
South Sudan said on Friday it aims to resolve within two months a dispute with Sudan over the South's takeover of oil assets when it declared independence last year. Sudan is… Read more »
Sudan Tribune, 4 October 2012
South Sudan's minister of Petroleum and Mining, Stephen Dhieu Dau, said his ministry has begun the necessary preparations to resume oil production following an agreement with Sudan… Read more »