Sudan/South Sudan: Sudan, South Sudan Sign Deal to Resume Oil Output from Key Fields

Sep 29, 2020 | Hellenic Shipping News
View Original

Sudan and South Sudan have agreed a draft deal to develop oil cooperation, which includes resuming production from key oil fields, Sudan’s ministry of Energy and Minerals said in a statement Sept. 28. Land-locked South Sudan relies on Sudan to export its crude in a pipeline via Khartoum to the Red Sea. Both the countries, which depend heavily on oil revenues have seen their economies devastated by the coronavirus pandemic, which wrought havoc on oil prices and demand.