BREAKING NEWS

South Sudan resumes oil exports through Sudan

By REUTERS

MAY 7, 2013 19:58

KHARTOUM - South Sudan's first oil export shipment since January 2012 has reached Sudan, state news agency SUNA said on Tuesday, in the latest sign of a thaw between the longtime foes.

The African neighbors agreed in March to resume cross-border oil flows, ending a row over pipeline fees that prompted landlocked South Sudan to shut down its entire production of 350,000 barrels a day in January 2012.

Sudanese Oil Minister Awad al-Jaz told SUNA the first oil from the South had arrived at Heglig, an oilfield controlled by Sudan along the disputed border.

Sudan and South Sudan came close to war a year ago but pledged in March to end the conflict over oil fees and a disputed border.

The oil shutdown threw both into turmoil, because they depend on oil revenue and pipeline fees to fund food and other imports.

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