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South Sudan Shuts Oil Production of 350,000 Barrels of Oil Per Day
Jan. 23, 2012 12:29PM PST
Resource InvestingReuters reported that South Sudan has shut down oil production and has accused Sudan of seizing $815 million worth of crude.
Reuters reported that South Sudan has shut down oil production and has accused Sudan of seizing $815 million worth of crude.
As quoted in the market news:
South Sudan’s President Salva Kiir accused Khartoum of having “looted” revenues amounting to roughly $815 million and building a tie-in pipeline to divert 120,000 barrels per day of southern production flowing through the north.