South Sudan Information Minister Barnaba Marial Benjamin said that South Sudan would startoil export through Sudan after having agreed to resume pumping oil. Benjamin said they expected to export 360,000 barrels of petrol every day. President of South Sudan Salva Kiir Mayardit will send off the first oil tanker with his Sudanese counterpart Omar al- Bashir in the next days. Benjamin told AA that the agreement between the two countries was very important, adding that it was a source of life for South Sudan. Sudan will pay 11 USD per barrel including processing and shipping, said Benjamin. \" China will purchase 40 %, Malaysia 30% and India 25% of South Sudan\'s totaloil exports. We are building a new country. We would like to see international investors in South Sudan not only to invest in oil but also agriculture, mining, tourism and infrastructure. We are strengthening the infrastructure and security to provide the investors with a secure environment,\" Benjamin said. Sudan\'s President Omar al-Bashir had paid a visit to Juba, the capital of Sudan, in April and the two countries reached an agrement on oil prices and resuming pumping oil. Although South Sudan started oil production in April, processing and shipment to the port will be made in May. South Sudan, which seceded from Sudan in 2011, has been continuing works to establish its own refinery.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrel

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor