Port Sudan

South Sudan Quadruples Revenue Collection Amid Austerity Budget

South Sudan quadrupled revenue collection as austerity measures introduced after the government shut down oil production forced the state to find alternative sources of income, Deputy Finance Minister Marial Awou Yol said.

IMF Urges Sudan to Use $3 Billion Oil Payment to Support Reforms

The International Monetary Fund urged Sudan to divert more than $3 billion in compensation it’s set to receive from South Sudan to back reforms that will provide the government with more reliable revenue streams.

Sudanese President Bashir Arrives for Oil Talks in South Sudan

Sudan’s President Umar al-Bashir arrived in South Sudan to discuss improving ties after disputes over oil exports and the countries’ shared border.

South Sudan May Take a Year to Reach Pre-Shutdown Oil Output

South Sudan, which is resuming oil output halted 14 months ago, may take as long as a year to reach pre-shutdown production levels because of possible damage to equipment, said analysts including Paul Tossetti at PFC Energy.

Sudanese Get UN Order to End Disputes or Face Sanctions

The United Nations Security Council warned Sudan and South Sudan to halt fighting and settle their differences on splitting revenue from South Sudan’s oil reserves within three months or face possible sanctions.

Missile Attack in Eastern Sudan Leaves Two People Dead, SUNA Agency Says

A missile from an unknown source killed two people in the northeastern Sudanese town of Port Sudan, the state-run SUNA news agency said, citing a police report.

South Sudan Says Oil Pipeline May Shut Down on Sudan Blockade of Shipments

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.

Sudan Lawmakers Accept UN Resolution on South Sudan Conflict

Sudanese lawmakers accepted “with reservations” a United Nations Security Council resolution that calls for Sudan and South Sudan to end hostilities, said Ahmed Ibrahim al-Tahir, the head of parliament.

Al Borg of Egypt to Buy Stake in Sudan’s Ultralab, Sahafa Says

Al Borg Laboratories, a medical- diagnostics company controlled by Abraaj Capital, will acquire a majority stake in Ultralab, a Sudanese laboratory-testing chain, al-Sahafa reported.

South Sudan Says Sudan Blocking Oil Exports, Diverting Crude Via Pipeline

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

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South Sudan

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Paul Richardson

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