2012

South Sudan may seek commercial loans to compensate for revenue lost since it shut down its oil industry in January because of a dispute with Sudan, the head of the United Nations’ mission to the country said.

The former head of the United Nations mission in Sudan called for international intervention to prevent “genocide” in the Nuba mountains region where the government is fighting insurgents.

According to an official in Sudan’s north Darfur state exploration in the region has paid off in the Adeela locality. Mastoor Abdul Magid, commissioner of the Adeela locality said that several new oil fields have been discovered in a number of localities.

South Sudan's military said an oil pipeline was damaged in a bombing raid carried out by two Sudanese Air Force MiG jets in Unity state on the border between the two countries. Sudan denied any involvement.

The Sudanese government on Monday signalled a more rigid approach to the negotiations on oil with South Sudan by saying that it will not change its previous positions.

South Sudan's government ordered Petrodar Operating Co. President Liu Yingcai to leave the country amid a dispute over relocating the company's headquarters, Deputy Oil Minister Elizabeth James Bol said.

South Sudan on Wednesday said it has started reviewing all oil contracts signed by the government of neighboring Sudan before the region’s independence, one day after Juba expelled the head of a Chinese oil company.

The cost of a massive a transportation corridor project aimed to link Kenya to South Sudan and Ethiopia will be shared among the three east African countries, according to a report.

A crude oil cargo that’s been stranded at sea because of a dispute between Sudan and South Sudan can unload in Japan after a court ruling in London, oil trader Trafigura Beheer BV said.

South Sudan’s oil production may take more than six months to resume depending on the length of
the halt, according to Petrodar Operating Co.