South Sudan to start oil export

South Sudan Information Minister Benjamin said China would purchase 40 %, Malaysia 30% and India 25% of South Sudan's total oil exports

South Sudan to start oil export

World Bulletin/News Desk

South Sudan Information Minister Barnaba Marial Benjamin said that South Sudan would start oil export through Sudan after having agreed to resume pumping oil.      

Benjamin said they expected to export 360,000 barrels of petrol every day.      

President of South Sudan Salva Kiir Mayardit will send off the first oil tanker with his Sudanese counterpart Omar al- Bashir in the next days.      

Benjamin told AA that the agreement between the two countries was very important, adding that it was a source of life for South Sudan.      

Sudan will pay 11 USD per barrel including processing and shipping, said Benjamin.      

"China will purchase 40 %, Malaysia 30% and India 25% of South Sudan's total oil exports. We are building a new country. We would like to see international investors in South Sudan not only to invest in oil but also agriculture, mining, tourism and infrastructure. We are strengthening the infrastructure and security to provide the investors with a secure environment," Benjamin said.      

Sudan's President Omar al-Bashir had paid a visit to Juba, the capital of Sudan, in April and the two countries reached an agrement on oil prices and resuming pumping oil. Although South Sudan started oil production in April, processing and shipment to the port will be made in May. South Sudan, which seceded from Sudan in 2011, has been continuing works to establish its own refinery.  

Last Mod: 17 Mayıs 2013, 14:36
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