Oil Export Agreement Appears Imminent for Sudan and South Sudan

CNBC reported that mediators are hopeful that Sudan and South Sudan will soon restart oil exports after resuming talks about the situation on Tuesday. The countries have been feuding since their separation over a year ago.

As quoted in the market news:

Officials from both sides have been much brighter in their predictions than in previous rounds.

“It is certain that we will come to an agreement by the end (of this round),” said Deng Alor, a senior member of South Sudan’s delegation to the talks.

Speaking ahead of the talks, El-Obeid Morawah, spokesman for Sudan’s Foreign Ministry, said he was optimistic.

“Sudan’s delegation is ready to reach an agreement by the end of this round,” he said. “I think they (South Sudan) are also open-minded and open-hearted.”

Click here to read the full CNBC report.