Wednesday, October 17, 2012

South Sudan resumes oil shipments in 4 months

South Sudan plans to resume oil shipments in February 2013 once its parliament ratifies a raft of deals reached last month in Addis Ababa with the neighboring Sudan.

South Sudan in January shut down its oil production after accusing Sudan of stealing its crude.

When South Sudan peacefully broke away from Sudan last year, it inherited the majority of the region's oil. But South Sudan's oil must be pumped through pipes owned by Sudan, which said it had taken the south's oil in lieu of

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