previous page Showing files 191 - 200 of 249 next page
From 1997, Sudan has been implementing IMF macro-economic reforms and the country began exporting crude oil
Oil group Total SA said it was confident of the validity of a 1980 contract with the Sudanese government giving it rights to an oilfield in southern Sudan, part of which White Nile is now claiming
White Nile is poised to announce a substantial shift in ownership.
The standoff underscores the continuing uncertainty oil companies are likely to face as they jockey to take advantage of a fragile peace agreement.
Shares in White Nile did not so much go through the roof as practically disappear into the stratosphere - soaring from 10p to 138.5p.
the company said in a statement it would provide an update on the agreement with the SPLM, set to form the interim government of southern Sudan later this year.
White Nile Ltd., the startup firm that says it has an oil concession in an area of southern Sudan previously earmarked for Total SA, could hamper the delicate peace agreement
The most significant long-term factor contributing to rising oil prices is an increase in Asian demand, most notably from China.
The soon-to-be-formed southern Sudanese government will respect White Nile's contract in southern Sudan, while Total's claim to the same block is invalid and won't stand up in court
White Nile is expected to publish full details of a recently-signed deal in southern Sudan.
previous page Showing files 191 - 200 of 249 next page