Sudan releases several South Sudan oil tankers

After weeks of dispute, the East African nation of Sudan decided to release three oil tankers bearing shipments from their new neighbor South Sudan, according to Reuters.

Sudan has been preventing the departure of several million barrels of South Sudanese crude oil as the countries continue to argue over the appropriate transit fees to charge for use of the country's ports.

The decision came despite continuing failure to make any progress at the negotiating table, as Sudanese officials sought to ease some of the growing tension.

"We don't have any positive response from the other side," Sudanese Oil Minister Awad al-Jaz told reporters. "We're still open to cooperation but the other side has refused."

However, several other oil ships are still being held in port and the contents of one has already been sold, with two more on the trading block.

Reuters reports that South Sudan responded last week by cutting off the country's oil production, a critical resource for Sudan, which lost three-quarters of its production capacity when the south seceded. They also announced plans to build a new oil pipeline leading through Kenya.

Prospects for the Sudanese oil market can be found at PennEnergy's Research area.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs