South Sudan Says Khartoum Released Blocked Oil Cargo

- August 8th, 2011

Reuters reports that North Sudan has released a 600,000 barrel oil shipment of landlocked South Sudan held over failed customs duties.

Reuters reports that North Sudan has released a 600,000 barrel oil shipment of landlocked South Sudan held over failed customs duties.

The market news is quoted as saying:

South Sudan took most of the country’s oil production of 500,000 barrels of oil when it became independent on July 9 as part of a 2005 peace deal that ended decades of civil war with the north. Oil is the lifeline of both economies.

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