South Sudan could pump oil by end of November
November 4 , 2012
South Sudan could resume producing up to 230,000 barrels per day of oil by the end of the month, its oil minister said on Saturday.
Stephen Dhieu Dau’s announcement comes following a nine-month halt, which has hit the country's economy.
The country, which seceded from Sudan last year, closed down its entire output of around 350,000 bpd in January due to a dispute with Khartoum over how much it should pay to export oil through Sudan.
After signing a deal to resume crude flows, South Sudan aims to restore full production in its Upper Nile state oilfields by March and in its Unity state fields by May.
Around 98 percent of South Sudan’s government revenues come from oil.