2012

Sudan’s Foreign Minister Ali Karti on Wednesday said that an oil deal with South Sudan is unlikely to be reached in light of the latter’s support to insurgents in border areas.

Chinese and other Asian oil firms operating in newly-independent South Sudan on Friday signed new contracts with the government to replace existing deals with north Sudan.

South Sudan said the operators of a pipeline that carries its oil exports to Port Sudan have warned
the facility may be closed in two days unless a blockade being imposed by neighboring Sudan on its shipments is lifted.

South Sudan accused Sudan of blocking 3.4 million barrels of its oil exports and said the northern neighbor is also seeking to divert the flow of some of its crude by building a new pipeline.

The government of South Sudan (GoSS) on Thursday threatened to sue Khartoum over its decision announced this week to unilaterally impose monthly charges on its crude oil transported through its pipelines.

One of the world's largest pension schemes, ABP, has placed American supermarket Walmart and Chinese oil company PetroChina on a list of companies the scheme prohibits itself from investing in.

The Sudanese president Omer Hassan al-Bashir on Wednesday slammed the Government of Southern Sudan (GoSS) saying they have not been negotiating in good faith on oil issues.

Royal Dutch Shell said it is eyeing potential opportunities in South Sudan, which last July broke away from Khartoum, taking with it two-thirds of Sudan's 500 000 barrels per day of oil production.

The Sudanese foreign ministry today confirmed that a portion of oil pumped by South Sudan passing through the north’s pipelines is seized by Khartoum, but stressed that this is done with Juba’s knowledge.

The president of South Sudan Salva Kiir accused the Sudanese government of stealing his country’s oil in a new sign of escalation between the two ex-foes.