Low oil price forces revision of transit costs for South Sudan
In depth
Issue 317
- 11 Feb 2016
| 8 minute read
The governments of Sudan and South Sudan have agreed to renegotiate the terms under which Juba exports its oil, according to officials from the two countries. Transit fees of almost $25/bbl, combined with the drop in the global oil price and the discount at which Dar Blend crude trades, meant that South Sudan faced selling its oil at a loss. Output dropped sharply, heralding a possible shutdown and requiring an urgent renegotiation of transit terms.
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